ELT-3

The NY DMV ELT-3 document is a comprehensive manual detailing the New York State Electronic Lien Transfer (ELT) Program. This program facilitates an electronic exchange of lien data between the Department of Motor Vehicles and participating lienholders, such as banks and credit unions. Unlike many other states, New York's ELT system does not include electronic titles; physical title certificates are always issued and mailed directly to the vehicle owner, while the lien is recorded electronically in the DMV's database.

The manual outlines several key benefits for participants, including reduced risk of data entry errors, improved timeliness through nightly batch processing, and cost savings from reduced paper filing and storage. To participate, lienholders must use a certified ELT vendor for data transmission and consolidate their existing DMV lienholder codes into a single specific code. The document also details specific transaction codes used within the system, such as "F" for filing a lien before title issuance, "R" for releasing a lien, and "C" for recording a lien on a vehicle that already has a valid New York State title.