With just a few weeks away from a Jan. 1 deadline to comply, Florida will be the first state to completely eliminate printing paper vehicle titles, according to electronic lien and title service provider VINtek.
The Philadelphia-based firm said the $170 million Orlando Federal Credit Union is among the financial institutions that has already implemented the ELT technology.
According to Florida's Department of Highway Safety and Motor Vehicles, lenders must contract with an approved service provider for the ELT transition.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
