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Electronic Lien Transfer Program Business User Manual

Electronic Lien Transfer Program Business User Manual 2026

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4.8 out of 5

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The document is a Business User Manual for New York State's Electronic Lien Transfer (ELT) Program, detailing the process for electronically exchanging lien data between the Department of Motor Vehicles (DMV) and lienholders. It outlines the benefits of the ELT system, such as reduced risk, improved timeliness, less paper filing, and cost savings. The manual describes various transaction types including lien filing, release, cancellation, amendment, and collateral loan filing, along with specific requirements and procedures for each transaction. Appendices provide additional information on transaction message codes, known vendors, and application forms for escrow accounts.

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Click ‘Get Form’ to open the Electronic Lien Transfer Program Business User Manual in the editor.
Begin by reviewing the 'ELT Background' section to understand the purpose and benefits of the program. This will provide context for filling out subsequent sections.
Navigate to the 'Escrow Accounts' section. Ensure you have established a title escrow account as required, and complete any necessary applications found in Appendix C.
Proceed to fill out transaction types such as 'Lien Filing', 'Lien Release', or 'Lien Cancel'. Each transaction type has specific fields that must be completed accurately, including vehicle identification numbers and lender codes.
Utilize our platform's features to easily input data into required fields, ensuring all mandatory information is provided before submission.
After completing each section, review your entries for accuracy. Use our platform’s editing tools to make any necessary adjustments before finalizing your document.

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Versions	Form popularity	Fillable & printable
2023	4.8 Satisfied (48 Votes)
2020	4.1 Satisfied (60 Votes)
2017	4.6 Satisfied (56 Votes)
2011	4.6 Satisfied (64 Votes)

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What does elt mean in finance?

Lienholders first enroll with a service provider. The same title documents required to apply for a paper title are also required for an electronic title. Lienholders must submit the paperwork to the state Department of Motor Vehicles (DMV) for electronic title as they would for a paper title.

Does NYS use elt?

New York States Electronic Lien Transfer (ELT) Program provides an electronic method for the Department of Motor Vehicles (DMV) and lienholders to exchange lien data.

How does a lien transfer work?

The most straightforward way to transfer ownership is to pay off the lien before completing the transaction. Sellers typically use the proceeds from the property sale to cover the lien.

How to get an elt title?

Several states have implemented compulsory ELT schemes: Arizona: May 31, 2010. California: January 1, 2013. Florida: January 1, 2013. Georgia: January 1, 2013. Indiana: 2022. Louisiana: January 1, 2010. Maryland: 2021. Massachusetts: 1997.

What does elt mean in lien?

The Electronic Lien and Title Program (ELT) is a paperless method that allows TxDMV and a financial institution or lienholder to exchange vehicle title information electronically. The title record is sent electronically and the lienholder stores the electronic record instead of a paper certificate of title.