Wyoming Electronic Titling Bill Draft Posted
Posted by Bobbie Frank on September 3, 2024
Next week, September 12-13 the Joint Transportation, Highways, and Military Affairs Committee is scheduled to meet in Laramie. Electronic titling on the agenda September 13 at 1 p.m. A bill draft, advocated for by GoWest based on Wyoming credit union priorities, incorporating the Electronic Titling Working Group recommendations, is now available on the Legislative Service Office website along with some supporting information prepared by the Wyoming Department of Transportation and the E-Title Working Group.
The bill requires the Wyoming Department of Transportation (WYDOT) to proceed with moving to an electronic lien and titling system, authorizes WYDOT to contract with vendor(s) to establish and administer the system, and funds the system via transaction fees.
The bill requires all dealers, lenders, lienholders, insurance companies and secured parties to utilize the system. The bill provides that others not engaged in these sectors can use the system or go to the county clerk’s office to obtain their title. The bill allows for paper titles to be requested.
The system envisioned by the working group will provide automatic notification to parties of the transaction, ability to upload required documents, facilitate payment of sales tax as well as additional functionality. The Department will be authorized to proceed with requests for proposals and rulemaking immediately after the bill becomes law and the system will be established by July 1, 2027.
The Committee will take testimony and act on whether the bill should advance to the 2025 legislative session on September 13. To view the hearing next week, click here the day of the hearing and select September 13 afternoon streaming.
Dave Krause, President & CEO of UniWyo FCU and Bobbie Frank, Vice President of Legislative Affairs, Wyoming will offer testimony in support of moving the bill forward along with members of the workgroup. On the evening of September 12, GoWest is hosting a social gathering for members of the Joint Transportation Committee and members of the E-titling working group at Altitude Chophouse in Laramie.
Posted in Advocacy on the Move, Wyoming Advocacy.