NJ CUs Express Frustration with MVC’s Slow Implementation of ELT in ROI-NJ Article

Healthcare Employees Federal Credit Union President/CEO John Dawidowski and New Jersey Credit Union League President/CEO David Frankil spoke to ROI-NJ  recently to voice frustration with the New Jersey Motor Vehicles Commission's slow adoption of an electronic lien and title system here in NJ.

In the article, titled “Paper Chase: Credit Union Leaders Can’t Understand Why N.J. Hasn’t Gone High-Tech with Car Lien Docs,” Dawidowski describes the cumbersome process of handling, tracking, and maintaining paperwork. “You have all this paperwork on hand — and there’s a cost of maintaining and tracking these titles, too,” Dawidowski said. “We have to put them in a fireproof safe. The whole thing is very, very archaic…It’s crazy.

Next door, in Pennsylvania, they’ve been doing it for 10 years. We could run off the same platform and things would be a lot easier. It’s not rocket science.”

Almost half of states now, including neighboring Pennsylvania and New York, have ELT systems in place. Credit union leaders in New Jersey, like Dawidowski, have been calling for it to be adopted in the Garden State, too, but the New Jersey Motor Vehicles Commission has been “dragging its feet,” according to Frankil. “And this is after it took seven or eight years to get to the point where the governor signed this,” he said. “This is something I’ve pushed for as far back as 2011. I went to [the New Jersey Credit Union League] and asked why the state is so far behind on this, because it’s very awkward to deal with.”

Besides the extra resources required in dealing with mountainous paperwork, Frankil said having an electronic system could make it more difficult to alter or create fake documents.

“So, not only is it an efficiency issue, there’s fairly strong fraud component, as well,” he said.