Form VSA 78. Electronic Lien Program Application - Virginia

Form VSA 78 - Electronic Lien Program Application is used by lienholders in Virginia to apply for participation in the Electronic Lien Program. The parties involved in this form are lienholders and the Virginia Department of Motor Vehicles.

The form consists of sections where lienholders provide their information and agree to participate in the Electronic Lien Program, which allows them to electronically manage liens on vehicles they finance.

Important fields in this form include the lienholder's contact information, details about the financial institution, and the agreement to comply with program requirements. Accurate information is essential to ensure proper lien management through the electronic system.

An example scenario is a bank that finances vehicle loans applying for participation in the Electronic Lien Program. By using Form VSA 78, the bank can streamline their lien management process, reducing paperwork and simplifying lien release procedures.

No additional documents are typically required for filling this form. An analogous form could be Form VSA 22, used to apply for paperless title issuance, which serves a similar purpose but applies to the issuance of vehicle titles.