|
|
Article: VINtek Offers Electronic Lien and Title Processing in Texas.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
VINtek, a provider of automotive collateral management services for banks, credit unions and other automotive finance lenders, announced that the Texas Department of Motor Vehicles (TxDMV) expanded its pilot Electronic Lien and Title (ELT) program to statewide operable status on Nov. 2 and VINtek has begun processing ELT titles in Texas for several financial institutions. Texas is the second largest state in vehicle titling volume in the United States and joins 13 other states offering ELT.
ELT, an environmentally friendly "green" alternative to paper-based titles, enables lienholders such as banks, credit unions and captive and non-captive finance companies ...