Bill > S02106

This bill updates New York's vehicle and traffic law to establish an electronic lien and title (ELT) program, which will allow banks, credit unions, and financial institutions to electronically record and manage vehicle liens. The bill requires lienholders to electronically transmit liens and lien satisfactions to the Department of Motor Vehicles, with exemptions for individuals and lienholders not typically engaged in vehicle financing. Under the new system, liens will be recorded electronically, and certificates of title will not be printed unless specifically requested by a lienholder or upon lien satisfaction. The bill modifies existing provisions related to title issuance, records, and delivery, including updating language to be gender-neutral and more precise. When a lien is electronically satisfied, the commissioner will release the lienholder's rights and either issue a new certificate to the owner or maintain an electronic title until all liens are cleared. The changes aim to modernize the vehicle title process by introducing a more efficient, digital approach to managing vehicle liens and titles, reducing paperwork and streamlining administrative procedures.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S2106