Bill > A04099

This bill amends the New York vehicle and traffic law to establish an electronic lien and title (ELT) program, which modernizes how vehicle titles and liens are recorded and managed. The bill requires the Department of Motor Vehicles to develop an electronic data system that allows banks, credit unions, and financial institutions to electronically record and transmit security interests for vehicles. Under this new system, most lienholders will be required to submit liens and lien satisfactions electronically, with exceptions for individuals and lienholders not typically engaged in vehicle financing. The bill changes several existing processes, including how certificates of title are issued, recorded, and delivered. Specifically, it allows for electronic-only title records, meaning physical certificates will not be automatically printed unless specifically requested. When a lien is satisfied, the process will be handled electronically, with the commissioner updating the title record accordingly. The bill aims to streamline vehicle title management, reduce paper documentation, and create a more efficient system for recording and tracking vehicle liens. These changes will help modernize the vehicle registration process and make it easier for financial institutions and vehicle owners to manage title and lien information.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/A4099