Electronic Lien and Title
Electronic Lien and Title, also known as ELT, is a program offered by various US States allowing state Department of Motor Vehicles to electronically exchange lien and title information with lienholders in lieu of a paper title.
Standards
Implementation in the United States
States offering an ELT program include Arizona, California, Florida, Georgia, Hawaii, Idaho, Kansas, Louisiana, Massachusetts, New York, Ohio, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, and Wisconsin. In addition, Nebraska passed a law mandating they implement a program by January 1, 2011.
Several states have or will require lenders to participate.
- Pennsylvania: July 1, 2008
- Louisiana: January 1, 2010 [1]
- Arizona: May 31, 2010 [2]
- Wisconsin: July 1, 2010 [3]
- Nebraska: January 1, 2011 [4]
- California: January 1, 2012 [5]
Benefits of ELT for Jurisdictions
- Improved data accuracy resulting from the electronic exchange of data (reduction in typographical errors).
- Improved timeliness of data exchange (no more waiting for the mail).
- Reduction in the use and control of secure forms (paper costs).
- Reduction in mailing and printing costs.
- Improved data and forms security.
Benefits of ELT for Lienholder
- Potential staff reduction in areas associated with filing, retrieval and mailing of paper titles.
- Reduction of storage space needed for filing and storing paper titles.
- Ease of processing for dealer transactions.
- Reduction in fraud.
References