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2017 California Code
Vehicle Code - VEH
DIVISION 3 - REGISTRATION OF VEHICLES AND CERTIFICATES OF TITLE
CHAPTER 1 - Original and Renewal of Registration; Issuance of Certificates of Title
ARTICLE 4 - Evidences of Registration
Section 4450.5.
Universal Citation: CA Veh Code § 4450.5 (2017)
4450.5.
(a) On or before January 1, 2012, the director shall develop an Electronic Lien and Title (ELT) Program, in consultation with lienholders, licensed dealers, and other stakeholders, to require that all lienholders’ title information be held in an electronic format, if the department determines that the program is cost effective compared to the current paper title and registration system.
(b) The director may establish an auto loan business volume threshold below which a lienholder is not required to participate in the program developed pursuant to subdivision (a).
(Added by Stats. 2009, Ch. 540, Sec. 1. (AB 1515) Effective January 1, 2010.)
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