New York A04099 amends vehicle and traffic law to establish an electronic lien and title program.

New York A04099 amends the vehicle and traffic law to require the establishment of an electronic lien and title program. The commissioner must develop and maintain an electronic data and communication system with banks, credit unions, and other financial institutions to record security interests. Lienholders must electronically transmit liens and lien satisfactions to the department. Certificates of title reflecting electronically recorded liens will not be printed unless all liens are satisfied.

New York A04099 amends vehicle and traffic law to establish an electronic lien and title program.

New York A04099 amends the vehicle and traffic law to require the establishment of an electronic lien and title program. The commissioner must develop and maintain an electronic data and communication system with banks, credit unions, and other financial institutions to record security interests. Lienholders must electronically transmit liens and lien satisfactions to the department. Certificates of title reflecting electronically recorded liens will not be printed unless all liens are satisfied.