I've provided some updates to our Virginia ELT site: VAeTitleLien.com including an updated FAQ page and some history about the ELT program in Virginia which I found interesting. (Doesn't everyone think ELT history is interesting?)
Cheers!
Image above is "kaleidoscope car" of a Chevrolet Stylemaster in Virginia by Ariel.
Earlier this month DDI travelled to California to visit with the Credit Union Bay Area Executive Coalition (CUBAEC). Over 20 California credit unions attended the event to learn about the mandatory California ELT program that requires participation from credit unions and other lenders by January 1, 2013. (Note, though, that the last sign up date is September 11, 2012.)
Jessica Shand shared briefly about the features of the California ELT program, how they are implemented in our ELT solution, Premier eTitleLien™, and the extra features we incorporate that would be of value to CA credit unions.
Jessica also shared about the national trends with ELT, as more states are implementing ELT programs (South Dakota, Maryland, Indiana, and Iowa all have plans to implement ELT in 2012) and requiring participation either directly (in addition to California, Florida and Georgia will both be requiring participation on January 1, 2013) or indirectly (South Dakota will stop printing titles with liens when their program goes live later this year).
Jessica concluded by discussing how customer service is very important to us and the various ways we try to make things simple and effective for our customers from the contract to training to ongoing assistance with any kind of lien or title issue.
We look forward to working with more California credit unions and other lenders.
Image above is from Golden Gate Bridge marks 75 years since opening against steep odds.
We will be participating in the Georgia Banker's Association (GBA) 2012 Annual Meeting in Asheville, NC on June 10-13. As part of our relationship with the GBA we will be on hand to answer questions about the newly signed legislation in Georgia making the Georgia Electronic Lien and Title program mandatory.
The mandatory legislation bill was signed into law on May 1, 2012. The bill begins requiring participation in ELT as of January 1, 2013, though it does allow for the Motor Vehicle Division to phase in the program.
DDI has been processing Georgia electronic titles since the beginning of the ELT program in July 2008.
Image above is of Chimney Rock State Park in Asheville, NC.
Image above is of Flags at the Rhode Island Veterans Cemetery from Raising Money for Flags for Cemetery.
We recently made a few changed to our Ohio ELT information site: OHelt.com including the addition of a FAQ page. One interesting point about electronic or non-printed titles:
I understand that titles are not automatically printed by the BMV after I release my lien. How does my customer get a printed title?Ohio uses the term "non-printed" to designate electronic titles. An owner should request a printed title in person from a county office. There is a fee as this request generates a replacement title.
Note that a "non-printed" title can be requested by anyone in Ohio: owner or lienholder. A paper title is not required for every transaction. For instance, Ohio answers the question "My title is an electronic title. How may I sell my vehicle to a dealer?" by explaining
The dealer can complete a BMV 3772 form to allow the transfer to or from a motor vehicle dealer. It has a provision for stating mileage and power of attorney.
Image above is an "Advertisement for the Army Press from the Cincinnati Type Foundry Company, Cincinnati, Ohio, about 1862" from the National Museum of American History at the Smithosonian.
We recently updated our Nebraska information site, NEelt.com, with some additional information about the Nebraska ELT program. Some of the questions from our FAQ page:
Are lenders required to participate in the Nebraska ELT program?
No. However, the state does not send paper titles with liens or other confirmation messages to non-ELT participants.
How do I sign up for the ELT program?
You need to complete the "ELT Lender Application" form. Find copies on etitlelien.com.
Are boats included in the ELT program?
Yes. The ELT program applies to anything titled by the DMV. See the Certificate of Title: Motorboat page.
Image above is Orange Kayak on a Nebraska Lake by boatbuilders.us.
Florida House Bill 1223 (CS/CS/HB 1223) titled Highway Safety and Motor Vehicles was implemented into law by the Florida legislature and Approved by the Governor on 4/27/2012. The bill changes the language of the Florida statues to require participation:
Section 22. Subsection (8) of section 319.24, Florida Statutes, is amended to read:
319.24 Issuance in duplicate; delivery; liens and encumbrances.—
(8) Notwithstanding any requirements in this section or in s. 319.27 indicating that a lien on a motor vehicle or mobile home shall be noted on the face of the Florida certificate of title, if there are one or more liens or encumbrances on the motor vehicle or mobile home, the department shallmayelectronically transmit the lien to the first lienholder and notify the first lienholder of any additional liens. Subsequent lien satisfactions shallmaybe electronically transmitted to the department and mustshallinclude the name and address of the person or entity satisfying the lien.
and
Section 23. Subsection (7) is added to section 319.27, Florida Statutes, to read:
319.27 Notice of lien on motor vehicles or mobile homes; notation on certificate; recording of lien.—
(7) The department shall establish and administer an electronic titling program that requires the electronic recording of vehicle title information for new, transferred, and corrected certificates of title. Lienholders shall electronically transmit liens and lien satisfactions to the department in a format determined by the department. Individuals and lienholders who the department determines are not normally engaged in the business or practice of financing vehicles are exempt from the electronic titling requirement.
DDI attended a presentation by the Florida HSMV in May 2012. They made it clear that the law would be implemented on January 1, 2013 without a grace period. They have not yet released a list of exempt lenders but are unlikely to make exceptions for anyone normally engaged in lending. This requirement means that the HSMV will reject applications for liens from lenders who have not yet enrolled in the ELT program.
I'd like to encourage lenders not to wait until the end of the year to enroll. Florida does not charge an enrollment fee. The application process for ELT was taking 2-3 weeks, but has increased lately to 3-4 weeks because of the increase in applications to Florida.
For more information about our product, Premier eTitleLien™, and instructions on enrolling in Florida, please visit www.etitlelien.com.
Image above is Palm Tree decals from Dezign with a z.
