New York DMV Proposed Electronic Lien and Lease Reporting
AFSA’s State Government Affairs team submitted a comment letter to the New York Department of Motor Vehicles regarding proposed electronic lien and lease reporting requirements.
AFSA expressed concern that mandating all lenders and lessors to use a single third-party vendor for electronic reporting would create unnecessary burdens, increase costs, and delay processing for vehicle titles in New York. AFSA members already work directly with the DMV to ensure accurate and timely lien and lease recording.
The proposal offers little flexibility for national lenders and could disrupt access to vehicle financing across the state. AFSA recommended that the DMV revise the rule to allow for direct reporting or a choice of approved vendors, in line with practices in other states.
This, along with other SGA letters, can be found on the direct advocacy section of AFSA’s website.
April 28th, 2025
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