Georgia Electronic Lien & Title
Georgia's On Our Mind!
Georgia Motor Vehicle Division
Introduces Electronic Lien & Title
In the second quarter of 2008, Georgia’s Motor Vehicle Division will join 11 existing “electronic” states and begin providing its own electronic process for vehicle liens and titles. With South Carolina introducing an ELT program in April, Georgia will be the 13th Electronic Lien and Title (ELT) state!
FDI has worked with many states in the past to assist them in implementing Electronic Lien & Title programs. Currently, we are working with Georgia’s Motor Vehicle Division and assisting their efforts to bring ELT to the peach state.
Georgia’s introduction of an ELT program is good news for lenders in the vehicle finance industry because electronic titles are much less costly and easier to maintain than paper titles. Since electronic titles exist in the form of a computer record, they can be more easily updated throughout the life of the vehicle loan or lease. They also do not require physical storage space because they remain electronic until released to your borrower at payoff.
FDI, the pioneer in ELT technology provides hosted software that allows vehicle lenders to take advantage of this electronic process. Our software facilitates the lien and title transactions electronically between state and lienholder databases. In addition, FDI’s software provides a host of tools to help manage and track each transaction with the state. With up to date information, clients are better equipped to service their borrowers and ensure that their liens on collateral are placed. While there are other companies who provide similar software, as pioneers in this field we are confident that ours is the best.
