(a) Notwithstanding any requirement in this chapter that a lien on a motor vehicle
shall be noted on the face of the certificate of title, if there are one or more liens
or encumbrance on a vehicle, trailer, semitrailer, pole trailer, factory-built home
or recreational vehicle, the division may electronically transmit the lien to the
first lienholder and notify the first lienholder of any additional liens. Subsequent lien satisfactions may be electronically transmitted to the division and
shall include the name and address of the person satisfying the lien and any other
information required by the division as a condition of participating in the electronic
lien information exchange program.
(b) The division may enter into agreements with a service provider or providers to
administer the electronic exchange of lien information between dealers, financial
institutions and the division. For the purposes of this section the term financial institutions shall have the same
meaning as defined in section ten-b, article six of this chapter.
(c) When electronic transmission of liens and lien satisfaction is used, a hard copy
certificate of title need not be issued until the last lien is satisfied and a clear
hard copy certificate of title is issued to the owner of the vehicle. When a vehicle is subject to an electronic lien, the certificate of title for the
vehicle shall be considered to be physically held by the lienholder for the purpose
of compliance with state and federal odometer disclosure requirements and for any
other requirement of this code. A duly certified copy of the division's electronic record of the lien shall be admissible
in any civil, criminal or administrative proceeding in this state as evidence of the
existence of the lien.
(d) For the purposes of this chapter, whenever reference is made by this code to the
physical production of a certificate of title as a paper document, or reference to
the completion of information related to recording a lien as a paper document, the
reference shall be understood to also include the transmission and recordation of
the information in an electronic format.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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