Colorado Legislation Enables ELT

On June 5, 2013 Colorado Governor John Hickenlooper signed HB 1289 into law, giving the Colorado Department of Revenue authority to "allow the electronic transmission of registration, lien, and titling information for motor vehicles." Other changes were made to existing regulations to ensure that the Division of Motor Vehicles would be able to adopt procedures to handle electronic lien and title (ELT) and electronic vehicle registion (EVR) transactions.

The bill also grants authority to the DOR to mandate participation in the ELT program for lenders doing 50 transactions or more per year. Interestingly, the bill specifically words it as "requiring lien and title documents to be filed electronicaly" allowing both typical Electronic Lien and Title transactions as well as title applications (lien notations) to be required as a paperless transaction. The DOR is not compelled to require participation.

For updates on the Colorado ELT program, visit COeTitleLien.com.

Image above is Interstate 70, Glenwood Springs, CO from The world’s most spectacular roads, vol. 2.

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Pennsylvania Mulls Eliminating Registration Stickers

A recent article on CBS Philly entitled "Pennsylvania Mulls Eliminating Registration Stickers" adds an interesting perspective to the trend to make vehicle documentation services (titles and registration) electronic.

PennDOT is working with the state legislature and law enforcement to eliminate the need for physical registration stickers on PA license plates. This would cut down on mailing and printing costs for the state. The last line of the article makes the key point:

[Pennsylvania Transportation Secretary Barry Schoch] says if PennDOT doesn't have to mail out stickers, motorists would be able to renew registrations entirely online.

Electronic services such as Electronic Lien and Title (ELT) programs and online (paperless) vehicle registration improve efficiencies for the state, lenders, dealers, and vehicle owners. For more details on Pennsylvania's ELT program, visit PAELT.com.

Image above is The Pennsylvania Historical and Museum Commission License Plate.

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