New Jersey ELT Survey Results

New Jersey posted the results of their Electronic Lien and Titling Survey results on their website.

A comprehensive stakeholder survey was administered in order to establish the needs of lenders and dealerships on this topic. The survey was administered via Survey Monkey, between July 16, 2012 and August 6, 2012 to New Jersey Coalition of Automobile Retailers (NJCAR), New Jersey Credit Union League (NJCUL), New Jersey Independent Automobile Dealership Association (NJIADA), and New Jersey Bankers' Association (NJBA) in order to solicit their input regarding an ELT Program in NJ. View the survey results [pdf] 

The Motor Vehicle Commission continues to work toward an Electronic Lien and Title program. We're looking forward to offering NJ ELT services to our customers.

Image above is U.S. Army Corps of Engineers Geodetic Survey Marker in front of old courthouse in Freehold, NJ by Jazz Guy.

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ELT in New Jersey

An ELT program may be coming soon to the state of New Jersey.

The New Jersey Motor Vehicle Commission considered an Electronic Lien and Title (ELT) program several years ago, but decided not to proceed with a program at that time. Recently the MVC has been meeting with other states that offer ELT (including Pennsylvania and Florida), conducting surveys of key stakeholders (64% of NJ lienholders already participate in an ELT program), and evaluating key requirements for a successful program.

The legislature is also considering requiring the NJ MVC to implement an ELT program and require participation. NJ SB 1853 and AB 3129 is still pending legislation.

Updated information can be found at www.NJELT.com.

Image above is cropped from a 1930s postcard entitled Scenic roadway along the Garden State Parkway of New Jersey in Cape May County posted by Boston Public Library.

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