N.C. Gov. Pat McCrory has signed into law a requirement that the state's Division of Motor Vehicles implement an electronic lien and title program.
ELT replaces paper automotive liens with an electronic exchange of data between a state’s department of motor vehicles and automotive lenders.
Lenders, including credit unions, must be connected to state's electronic lien and title program by Jan. 1.
Programs require electronic titling, with more than 800 lienholders already aboard in those two states.