Beginning July 1, 2016, All lenders (including those who do Buy Here Pay Here!) are required to use Electronic Lien & Titling (ELT). This requires dealers to sign up with a company such as http://www.edealersvcs.com in order to manage your liens and titles. For additional resources, please visit the Carolina Dealer Training website.
As far as Dealer Solutions goes, your only requirement is to make sure the Lien ID number prints on your MVR-1. This is very simple! You need only to provide the Lienholder ID Number on the Lien screen of your deal, as shown highlighted in yellow below.
This number can be added to new lenders easily as seen here:
For existing lenders you already have in the system, or to enter your own Lender ID for your BHPH/RFC business, it is also very simple! Just go to the Contracts screen, choose lenders, select the lender for whom you wish to add an ELT number, hit the EDIT button and enter the value in to Lender ID# field. Finally, hit the Save & Close button, and you will not need to worry about entering this value every time you do a BHPH deal or use a particular lender!
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