DIVISION OF MOTOR VEHICLES
To: Tax Collectors and License Plate Agents
From: Carl A. Ford, Director
Subject: ELT Applications
Advisory Date: 01/20/05 Implementation Date: Immediately
Advisory Number: T05-01
Effective February 1, 2005, the department will adopt a new policy that will assist ELT participants, dealers and title clerks in processing ELT applications. The new policy requires that all applications for title and lien with ELT lienholders must contain the DMV Account/Customer number. The form HSMV 82040, Application for Certificate of Title With/Without Registration (Rev. 11/04), has been revised to include a field for the account number. If an ELT participant does not know their DMV account number, please advise them to visit the web site below:
Failure to use the DMV assigned account number may cause titles to be processed incorrectly. If a business divides its accounts, e.g. lease/consumer loans, with one segment participating in the ELT program and the other a non-participant, the department can create a special DMV account number for the non-ELT participants. This will ensure the correct account is selected each time.
The Florida Department of Highway Safety and Motor Vehicles considers the Electronic Lien Title program an excellent success. Since the implementation of the Electronic Lien and Title (ELT) program in September 2000, 152 lienholders are actively participating in the program. The ELT program decreases the chances of title fraud (as no title is printed), provides the lienholder with proof that their lien has been perfected, allows for liens to be satisfied in a more timely manner, reduces the need for storage of title documents, allows access to expedited title printing, provides better customer service, and currently provides a savings in the title printing costs of approximately 23 percent.
We ask for your continued cooperation in making the ELT program a success.
If you have any questions or need further assistance, please contact your Help Desk Representative.