Wolters Kluwer’s Lien Solutions invites Equipment Leasing and Finance Association members to view a free, on-demand webinar called "Simplifying Vehicle Titling with tax and Fee Estimates. The webinar can be accessed here: goo.gl/FZP52T
The webinar provides a detailed look at how tax and fee estimates can streamline a motor vehicle title management program.
Whether in the consumer person-to-person or commercial space, upfront understanding of taxes and fees can be the difference between a smooth process and an unsecured asset. Requirements and fees can vary widely based on state or type of vehicle and a lender needs to be prepared to discuss the specifics with the borrower and ensure that the loan officer and documentation teams are aligned on expectations prior to loan closing.
Other topics discussed were:
● How transactions that cross state lines can require special calculations of fees & taxes
● How following up on exceptions/ collections requires added time, cost and effort by lenders
● How a breakdown of required documents, jurisdictional fees and information needed for state-specific transactions can make all the difference
The session was originally presented on March 7, 2018, and this recording is available free-of-charge to ELFA members, courtesy of Lien Solutions.