AFSA’s State Government Affairs team submitted a comment letter to Service Oklahoma regarding the upcoming implementation of the state’s mandatory electronic lien and title (ELT) program, scheduled to begin July 1, 2025. AFSA and the National Title Solutions Forum (NTSF) expressed concern that the program is not ready for implementation and could disrupt lien perfection and titling processes for consumers and lienholders.
The letter outlines issues with the program’s lack of clarity, technical readiness, and limited stakeholder engagement. It also emphasizes the need for Service Oklahoma to engage directly with industry participants and to consider delaying implementation to allow more time for proper development and testing.
AFSA urges Service Oklahoma to take a collaborative approach to ensure the ELT system is fully functional and integrated with all relevant providers before the mandate takes effect.
This and other SGA letters can be found on the direct advocacy section of AFSA’s website.
AFSA Concerns on ELT
May 16, 2025
AFSA’s State Government Affairs team submitted a comment letter to Service Oklahoma regarding the upcoming implementation of the state’s mandatory electronic lien and title (ELT) program, scheduled to begin July 1, 2025. AFSA and the … Read the rest
AFSA Testified on DIDMCA in RI
May 16, 2025
On April 24th AFSA Senior Vice President Danielle Arlowe testified in person before a Rhode Island committee hearing in opposition to H 6055. This bill would opt-out the state from the Depository Institutions Deregulation and Monetary… Read the rest
A Busy Week in Deregulation
May 16, 2025
This week, AFSA responded to the Office of Management and Budget (OMB) Request for Information on Deregulation. This request invited the public to identify regulations that should be rescinded along with justifications for doing so. … Read the rest
This Thursday | AFSA Webinar | Usage-Based Models: Reinventing Auto & Equipment Finance
May 13, 2025
In today’s competitive financial landscape, staying ahead requires more than just traditional approaches to asset finance. When it comes to money at work between lenders and borrowers, usage-based financing is transforming auto and equipment… Read the rest
Industry Expertise | Four Ways Lenders Can Get Paid Faster
May 12, 2025
“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. For more information about this sponsored content opportunity, contact Dan … Read the rest
Kentucky’s U-Drive-It Program
May 08, 2025
AFSA’s State Government Affairs team submitted a comment letter to the Kentucky department of Revenue regarding the state’s U-Drive-It Program and recent guidance affecting credit insurance and debt cancellation products.
In the letter,… Read the rest
CFPB Steps Away from BNPL and Toward Military Issues
May 08, 2025
On May 6, the CFPB announced more details on its priorities. The agency said that it is not prioritizing enforcement actions based on an interpretive rule published in May 2024. That rule articulated the circumstances in which buy-now-pay-later… Read the rest
Industry Expertise | Vehicle-finance fraud is a $9 billion problem. Here’s how to combat it.
May 07, 2025
“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. For more information about this sponsored content opportunity, contact Dan … Read the rest
AFSA Education Foundation in Action
May 07, 2025
Financial Literacy Month is a wrap and the AFSA Education Foundation was honored to attend the U.S. Treasury Department‘s financial literacy roundtable hosted by its Offices of Community and Economic Development and Consumer Policy. … Read the rest
May White Paper | APR
May 07, 2025
AFSA’s May State Government Affairs white paper details how states are increasingly considering “all-in” rate caps that redefine how APR is calculated. These new laws, often modeled after the Military Lending Act’s broader MAPR definition,… Read the rest