HB1845

House Bill 1845 authorizes the Arkansas Department of Finance and Administration to establish electronic systems for motor vehicle titling, registration, and lien management. The bill allows for the creation of a secure digital vehicle title system and permits the use of electronic signatures for these processes. It updates existing laws to accept electronic odometer disclosures and electronic power of attorney documents. Additionally, the bill enables electronic filing of liens and security interests, allowing them to be transmitted directly to the Office of Motor Vehicle. It provides for a transition to these digital systems, including a mandate for dealers to utilize the electronic system once it becomes operational. The legislation also allows for the contracting of third-party vendors to manage these systems, with the potential for transaction fees to be charged to end-users to cover implementation and management costs.