Electronic lien and title
Electronic lien and title, also known as ELT, is a program offered by various US States allowing for the electronic exchange of lien and title information with lienholders in lieu of a paper certificate of title.
- American Association of Motor Vehicle Administrators (AAMVA) created a 'standard' that many states have adopted in ELT design. States that use the AAMVA standard include: Arizona, Hawaii, Massachusetts, Ohio, South Carolina, Texas, Virginia.
- States that have chosen not to use the AAMVA standard have developed their own proprietary system.
Implementation in the United States
States offering an ELT program include Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Kansas, Louisiana, Massachusetts, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, and Wisconsin.
Several states have or will require lenders to participate.
- Arizona: May 31, 2010
- California: January 1, 2013
- Florida: January 1, 2013
- Georgia: January 1, 2013
- Louisiana: January 1, 2010
- Nebraska: January 1, 2011
- Nevada: October 1, 2016
- North Carolina: July 1, 2016
- Pennsylvania: July 1, 2008
- South Dakota: July 1, 2012
- Texas: January 1, 2013
- Wisconsin: July 1, 2010
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 & faster lien releases).
- 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 certificates.
- Reduction of storage space needed for filing and storing paper certificates of title.
- Ease of processing for dealer transactions.
- Reduction in title-related fraud.
- Cannot convert ELT to paper same-day in majority of ELT states; some states do offer option expedited printing options.
- For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the OH DMV the following business day.
- Some states may take up to three months for a paper title to be produced after an electronic lien release, though this is uncommon.