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Michigan Compliance Network Meeting - Shared screen with speaker view
Gina Sutton
25:41
is Dealertrack VINtek?
Gina Sutton
26:16
yep, same place; that is who we currently use, thank you!
carla.grice
32:06
If vehicle owner changes address, how is the title mailed to the owner?
Eyork
39:14
Our credit union changed names a few years ago but still have liens under our old name. How will we release liens on these titles with the old name?
Eyork
40:27
Okay thank you.
mgamble
41:02
once we get our id# for credit union, are we going to have to type in our information everytime?
facklerj
41:14
no
heather
42:32
Will Simply ELT (PDP Technologies) be a provider that you will be working with to get set up?
facklerj
45:18
we have been in discussions with a number of services providers, and they are ones we have been communicating with. Obviously until we get to that point and they decide they want to participate, I can't say they will be here. But we have been speaking with them about timing, etc.
Gina Sutton
46:01
we currently use Dealer Track; would we still be able to utilize e-services, or do we have to use the service provider as we already use them?
heather
46:01
Thank you, we currently work with them for out of state titles.
tbaran
46:57
Is there any advantage to using a service provider? The provider that we use now for other states is not currently supported by MI. I expect that short term we need to apply for direct access to MDOS. Please advise.
facklerj
47:32
it will be the choice of the financial institution on whether they go through eservices (handle themselves) or delegate the work to a service provider.
Gina Sutton
47:59
thank you
facklerj
48:22
I can't speak to whether there is an advantage or not, there will be costs associated with a provider
JohnnaS
49:43
For refis - Can we place our lien while the existing lien is in place and our lien move into first position once the original lien is released?
mgamble
49:59
after receiving our credit union code,or number, will we have to type our credit union name and address with every title?
facklerj
50:39
there will be a demo on the feature shortly which will answer the question.
facklerj
52:16
the lienholder code will populate your information. there will not be a title printed. the address would be printed on a title that you specifically authorized to be printed
stacey.mcdaniel
55:19
Back to the question of the benefit of using an outside service provider...Can you clarify what you meant when you mentioned it'd be more of a workload for us to handle it ourselves? We currently use PDP for our out of state electronic title provider but we still have to phsyically login and individulaly release titles in their site. That seems like what we'll be doing in the state's site directly as well.
Eyork
55:46
Will the MI Title application that we use to add a lien have a space added to put our electronic lien ID?
Dave Richmond
56:14
The title application will have a field for lienholder ID #
Eyork
56:31
Great thank you
facklerj
58:58
Level of effort. I can't speak to what a service provider makes a financial institution complete in other states or what they will make them complete here, but it is fairly straight forward process for completing your tasks related to the lien processing
Laura Crase - HAFCU
01:00:32
Is there a fee for doing an inquiry?
stacey.mcdaniel
01:00:33
Ok that makes more sense, thank you.
Dave Richmond
01:00:43
No fee for inquiry
Jessica McNier
01:01:11
Is there a way for us to authorize adding and/or removing individuals to the title?
Dave Richmond
01:01:56
There is no mechanism in the ELT system for corrections to titles
caseym
01:02:22
Will there be an option to charge the account similar to UCC billings?
facklerj
01:02:44
that would be a new title application since we are changing vehicle ownership.
facklerj
01:03:22
the UCC system is separate than the ELT system. I will get an answer for you though
Gina Sutton
01:05:34
we currently have either an RD108 or copy of the title for the loan file; will the email we receive that the title was done electronically have enough information to replace this need for our files?
stacey.mcdaniel
01:08:01
Can we still search boats, snowmobiles, etc like we can in today's system?
facklerj
01:08:18
the dealer or customer will still get a validated title application (RD-108 or TR-11) for the transfer that can be requested for your file. the only time that would be different is if you did the refinancing where a title application does not occur if all the information remains the same (with the exception of the filing date)
Gina Sutton
01:08:39
okay thank you
facklerj
01:08:39
watercraft yes, snowmobile no as they are not titled
stacey.mcdaniel
01:09:27
They are registered theough and currently we can see who is on the registration. But since this is for ELT that makese sense. As long as the other part of the system will still be available for those types of inquiries.
Eyork
01:10:11
How soon can we sign up?
dianaw
01:11:22
When needing a response, what is the estimated time?
Eyork
01:12:13
Thank you
Connie Toensing
01:12:19
What if we are interesting in being a test site?
Dave Richmond
01:12:57
The testing organizations are already working to assist with development, but thanks for the interest!
Tammy
01:12:58
can we get a copy of the question and answers for those who didn't follow the questions as they came in
Laura Crase - HAFCU
01:13:35
will the slides be available?
Tammy
01:13:41
thank you
lpatton
01:13:46
can we get slides for the presentation?
Terri
01:14:01
so in summary
cswartzendruber
01:14:14
If a paper title has already been issued, and there is an existing lien, and a customer applies for a loan resulting in a 2nd lien after 3/2021... (if I understood correctly, it sounds like the title will become electronic... Will the existing lien show on the electronic title (so 2 lienholders will appear in the system...?)
Terri
01:15:19
vendors provide out of state help and Michigan does not? Any other differences?
cswartzendruber
01:15:38
Thank you!
Gina Sutton
01:15:52
to place our lien; will we still be bringing titles to SOS and they will make them electronic (if the title is paper)?
heather
01:15:53
So if we have a paper title with a lien on it now and we would like to electronically release it to a different organization after March 16th, is there a way to do that?
Dave Richmond
01:16:38
There is no way to use the ELT system for the release of a lien that is on paper today
Gina Sutton
01:19:57
thank you
Connie Toensing
01:20:00
A Paper title has lien on title, it will need a paper release. How does it get into the ELT system?
Sarah Stevenson
02:02:19
1-866-720- 5721 national center for disaster fraud hotline that Denice just mentioned
Sarah Stevenson
02:02:56
Here is the link as well - https://www.justice.gov/disaster-fraud#:~:text=COVID%2D19&text=Coronavirus%2Drelated%20(COVID%2D19,the%20NCDF%20Web%20Complaint%20Form.