Section 4450.5 Of Article 4. Evidences Of Registration From California Vehicle Code >> Division 3. >> Chapter 1. >> Article 4.
4450.5
. (a) On or before January 1, 2012, the director shall
develop an Electronic Lien and Title (ELT) Program, in consultation
with lienholders, licensed dealers, and other stakeholders, to
require that all lienholders' title information be held in an
electronic format, if the department determines that the program is
cost effective compared to the current paper title and registration
system.
(b) The director may establish an auto loan business volume
threshold below which a lienholder is not required to participate in
the program developed pursuant to subdivision (a).