How do I obtain a paper title for a vehicle taken in trade when paying off a loan, if title is electronic?
When a dealer pays off a loan for a vehicle taken in trade with an e-Title, the lienholder has 10 business days after receipt of payment to release the lien. The lienholder sends an electronic transaction to TxDMV with the name and address of the dealer. TxDMV will remove the lien and mail the paper title to the dealer.
If I have a Dealer Title Application (DTA) vendor who provides my dealership with software, how will ELT affect me?
Each DTA vendor's software applications are different; contact your vendor for information on how ELT affects you.
How will ELT affect my business?
Download the revised Form 130-U and begin determining if your customer's lienholder is an ELT participant and prefers e-Titles.