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Source: VINtek

To fill the potholes in crumbling budgets, some states are continuing to look for ways to cut expenses.

For at least 16 states, removing paper from the lien implementation process is one way that departments of motor vehicles might potentially save operational costs. One solution gaining steam is an electronic lien and titling system, which digitizes the automotive title process. Instead of a state’s DMV mailing a paper title to a credit union or other financial institution to hold in their vault, an electronic lien or notice is stored.

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