NYS DMV Form ELT-5. Lender Application for Participation in the Electronic Lien Transfer Program

Form ELT-5 is used by lenders to apply for participation in the Electronic Lien Transfer (ELT) Program administered by the New York State Department of Motor Vehicles (DMV). This form allows lenders to request access to the NYS DMV ELT system through an ELT service provider and agree to the terms and conditions required for participation in the program.

The form typically includes information about the lender, such as their name, address, contact details, and business credentials. It may also require the selection of an ELT service provider and the acknowledgment of terms and conditions related to electronic lien transfer. By submitting this form, lenders can participate in the ELT Program and electronically transmit lien information.

Application Example: A lender interested in participating in the NYS DMV ELT Program would complete Form ELT-5 and submit it to the DMV. This application enables them to request access to the ELT system through a service provider and comply with the program's requirements for electronic lien recording and release.

Related Forms: There may not be direct alternatives to Form ELT-5, as it specifically addresses the lender application for participation in the Electronic Lien Transfer Program. However, other forms related to lender licensing, lien processing, or electronic transaction agreements may exist depending on the specific requirements of each state or jurisdiction.