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Electronic Lien and Title (ELT)

Electronic Lien and Title (ELT). AB 1515/2009 Overview. History of ELT in California. California was the first state to implement ELT, starting a pilot program with GMAC in 1989. By 1995, there were 15 lienholders participating. In 1999, ELT became an official program.

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Electronic Lien and Title (ELT)

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  1. Electronic Lienand Title (ELT) AB 1515/2009 Overview

  2. History of ELT in California • California was the first state to implement ELT, starting a pilot program with GMAC in 1989. • By 1995, there were 15 lienholders participating. • In 1999, ELT became an official program. • Today, there are more than 550 ELT lienholders, with more added each quarter.

  3. Present Scope of ELT • 4 ELT vendors send electronic records to DMV • Transactions processed over past 12 years:

  4. Advantages to ELT Programs • No more DMV • Faster lien releases between entities • No more tracking down old liens – titling records are updated on payoff • Expedited title issuance • Simpler wholesale and retail experience

  5. AB 1515 (Chapter 540, 2009) CVC Section 4450.5 requires DMV to develop an ELT program by January 2012 if… DMV determines the program is cost effective compared to the current paper title and registration system.

  6. DMV Recommendations • DMV has determined the program is cost beneficial and could replace up to 4.6 million titles with ELT records annually. • Program will require all financial institutions to participate. No other mandatory participation is expected at this time. • Recommending using current system with enhancements: • Eliminate contracts to lienholders • New ELT User Interface to better service lienholders • Reduce errors with simplified requirements • Improve the submission process for electronic records • Allowing lienholders to update address and issue title on payoff • Create “expedite” stream for immediate title issuance

  7. Next Steps for DMV Rulemaking – year-end release: • Conversion from contracts to permits • Form requirements for participation • Service Provider and Participant responsibilities and security requirements • Office of Administrative Law will review and publish for a 45-day public comment period

  8. Next Steps for DMV Programming changes: • Reduce errors caused by vehicle records; report errors to Service Providers • Allow title changes when registration transactions are pending • Allow changes to the registered owner address • Look for more opportunities to leverage ELT functionality to improve DMV titling and registration processes

  9. Next Steps for DMV Improved program communication: • Online forms and procedure documentation • Develop better ELT internet presence at dmv.ca.gov • Participate in industry-focused meetings and events

  10. Contact Information Andrew Conway, Chief Registration Policy and Automation Branch 916.657.6259 andrew.conway@dmv.ca.gov Kitty Kramer, Program Manager Registration Policy and Development 916.657.8973 kitty.kramer@dmv.ca.gov

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