Tyler Technologies to Provide Electronic Vehicle Titling and Liens for the State of Kentucky
- Implementation of electronic solutions for vehicle titling and liens in Kentucky is expected to reduce costs, improve efficiency, and eliminate fraud. Tyler's system is expected to reduce title transfer times to less than three days and increase title processing capacity by at least five times. The digital titling program has already been successful in West Virginia, eliminating millions of pieces of paper annually and reducing processing time from 40-60 days to hours.
- None.
Tyler’s solutions will make titling and lien processes more efficient for Kentucky’s government, businesses, and residents
Kentucky State House Bill 284, passed during the 2022 Regular Session, creates a new section of existing law to establish electronic title and lien applications and registration systems that allow submission of required forms and fees electronically. Because of this mandate, the Kentucky Transportation Cabinet needed to select software solutions for electronic vehicle titling and liens.
“We were intrigued by the reviews from our counterpart in
The county clerks of
- Reduced costs. Paperless transaction processing saves time and money for dealers, lenders, residents, and agency staff.
- Improved efficiency. It is expected that title transfer times will average less than three days once Tyler’s system is fully implemented. Additionally, one title clerk will be able to process at least five times as many titles as is currently done.
- Near elimination of current fraud. Paper processes are prone to errors and can be easily manipulated, allowing for more opportunities to perpetrate fraud. Once digital processes have replaced transacting in paper, most forms of title fraud become impossible.
-
Increased environmental benefits. By operating in a fully paperless environment, the state of
Kentucky and users of the electronic titling system will be able to eliminate the use of more than 15 million pieces of paper each year. In addition, as title and lien transactions become fully digital, commutes to and from county clerk offices to submit documents are reduced.
Tyler and Champ Titles first introduced statewide digital titling in
“We’re excited to introduce electronic titling and liens to the state of
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler’s solutions transform how clients turn actionable insights into opportunities and solutions for their communities. Tyler has more than 40,000 successful installations across nearly 13,000 locations, with clients in all 50 states,
About Champ Titles
Champ Titles builds technology for governments to solve the problems their constituents have with title and registration. Those constituents include vehicle retailers, vehicle wholesalers, insurance carriers, fleet operators, all of the service providers that serve each of these industry verticals, and consumers. Founded in 2018, Champ replaces state DMV title and registration systems with its intuitive software and enables the constituents of government to reduce the amount of time it takes to create, manage, and transfer a vehicle title and registration. To learn more about Champ, please visit www.champtitles.com.
#TYL_Financial
View source version on businesswire.com: https://www.businesswire.com/news/home/20230912213529/en/
Jennifer Kepler
Tyler Technologies
972.713.3770
Media.team@tylertech.com
Source: Tyler Technologies
