Showing posts with label Washington. Show all posts
Showing posts with label Washington. Show all posts

Washington ELT Program

No comments
We recently updated our Washington ELT information site, WAelt.com, with information about the Washington ELT program, the second state to establish such a program.  The following are a couple FAQs from that site.

Can ELTs be released using a paper lien release document? If so, does the state send notice?
Yes with an Affidavit of Loss/Release of Interest. WA does not send a lien release notification. From the March 2008 ELT System Guide:
When a customer pays off their loan and cannot wait for the electronic title release transaction to be processed, the financial institution or their service bureau may issue a “system” produced ALOT ["Affidavit in Lieu of Title"] on their official letterhead which must be signed by a representative of the financial institution but does not need to be notarized. By signing off on an ALOT the financial institution releases all interest in the vehicle, however this will not remove their name from DOL’s database until another transfer transaction takes place. There is no cost to the financial institution for an ALOT.
How can I get a vehicle title record?
The WA DOL IVIPS program offers a "Vehicle/Vessel Inquiry" service that provides title history information. An account is required. DDI includes this inquiry in Premier eTitleLien™.

Continue reading Washington ELT Program
, , , , , , , , , , , , , , , , , , ,

Electronic Title States

No comments

A series of questions in which our writer attempts to answer simple-sounding questions without saying things like "Well, yes, they do have ELT but..." Let the reader understand that these are simplified answers. ;)

See the other posts in this short series: Electronic Title States (this post), Upcoming Electronic Title States, States Compelling Participation in ELT, and States Planning to Compel Participation in ELT.

Which states currently have an Electronic Lien and Title (ELT) program?

Please note the following:

  • The Kansas Electronic Lien and Title program does not currently accommodate direct interaction with service providers like DDI.
  • In New York, the program is known as the Electronic Lien Transfer (ELT) Program, since there is no electronic title. Even with liens, owners retain titles in New York state.
  • The Utah E-Liens (Electronic Lien Transfers) program does not currently accommodate direct interaction with service providers like DDI.
  • The Wisconsin program does not currently meet our definition for a full ELT program, since as in New York, owners retain the paper title and the state does not electronically notify lenders when the lien has been recorded. However, they do require lenders to participate in their lien recording program, e-MV Agent. Wisconsin DOT expects to change to a full ELT program in the Summer of 2012. ("On July 1, 2012, Wisconsin will become an electronic title state.")

If you are a lender and would like a greater explanation of these differences, please contact DDI. If you are a state or would like more technical details, you may also visit our AllAboutTitles.com site.

Continue reading Electronic Title States
,

DDI Receives Approval to Sign Up Lenders in Washington State

No comments


We received official approval to begin signing up lenders in Washington State! We're looking forward to offering ELT services for our customers in Washington and other states. We're looking forward to helping other local lenders in Washington in addition to providing a single portal for title management for lenders across the nation.

For more information on the Washington ELT program, contact DDI at info@etitlelien.com. (Washington does not provide online information about their program.)

To sign up for the ELT program, visit our site at http://www.etitlelien.com/eltWa.aspx.

Image entitled "The Washington State Seal" from the Washington State Coloring Book
Continue reading DDI Receives Approval to Sign Up Lenders in Washington State