Cal. Code Regs. tit. 13 § 153.28

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 153.28 - Lienholder Withdrawal from the Electronic Lien and Title Program and Conversion of Electronic Titles

(a) A Lienholder may withdraw from the Electronic Lien and Title program for either of the following reasons:

(1) The Lienholder has been acquired by or merged with a permitted Lienholder that is assuming all of the acquired or merging Lienholder's liens. In this situation, either the acquired or merging Lienholder or the acquiring or surviving Lienholder may submit the request form specified in subdivision (b) below; or

(2) Closure of business.

(b) A Lienholder requesting to withdraw from the department's Electronic Lien and Title program shall submit an Electronic Lien and Title (ELT) Program Withdrawal Request form, REG 674 (NEW 1/2019), which is hereby incorporated by reference, to the department.

(c) A Lienholder requesting to withdraw from the program shall request the conversion of their titles held in electronic format to paper Certificates of Ownership pursuant to Vehicle Code section 4451 within 30 days after receiving departmental approval to withdraw.

Cal. Code Regs. Tit. 13, § 153.28

1. New section filed 6-10-2020; operative 10-1-2020 (Register 2020, No. 24). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-66-20.
2. Editorial correction of HISTORY 1 (Register 2020, No. 43).

Note: Authority cited: Sections 1651 and 4450.5, Vehicle Code. Reference: Sections 4450.5 and 4451, Vehicle Code.

1. New section filed 6-10-2020; operative 10/1/2020 (Register 2020, No. 24). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-66-20.
2. Editorial correction of History 1 (Register 2020, No. 43).