NYS DMV Form ELT-3. Application for Title/Lien Escrow Account

Form ELT-3 is used to apply for a Title/Lien Escrow Account with the New York State Department of Motor Vehicles (DMV). An escrow account is used to cover lien filings and ensure that funds are available for processing and managing liens on motor vehicles and boats titled in New York.

The form typically requires information such as the business or individual's name, address, contact details, and relevant financial information. It may also include instructions on setting up the escrow account and any additional documentation required by the DMV. By completing this form, applicants can establish an escrow account to facilitate lien-related transactions.

Application Example: A financial institution or other eligible entity interested in establishing a Title/Lien Escrow Account would complete Form ELT-3 and submit it to the DMV. This application enables them to set up the necessary account to cover lien filings and comply with the requirements of the DMV.

Related Forms: There may not be direct alternatives to Form ELT-3, as it specifically addresses the application for a Title/Lien Escrow Account. However, other forms related to lien processing, financial arrangements, or administrative accounts may exist depending on the specific requirements of each state or jurisdiction.