Mandating use of electronic lien and title system for anyone who records more than five liens in calendar year

SB 571 requires financial institutions, dealers, and any entity recording five or more liens on vehicles in a calendar year to use West Virginia’s electronic lien and title system instead of paper records. It mandates electronic transmission of liens and lien satisfactions to the Division of Motor Vehicles, eliminating the need for physical title certificates until the final lien is satisfied. The bill creates digital titles for vehicle transactions, meaning electronic records will replace paper titles for high-volume lien recorders. This directly affects businesses that frequently place liens on vehicles, such as banks, auto dealers, and financing companies.