HR0826 100TH GENERAL ASSEMBLY

HR0826 LRB100 19549 ALS 34817 r

HOUSE RESOLUTION

WHEREAS, In 2000, legislation was passed by the Illinois General Assembly to authorize the implementation of a statewide electronic lien and title system; and

WHEREAS, At least 24 states currently utilize electronic lien and title systems; and

WHEREAS, Electronic titles have the same legal validity as paper titles, but exist only in electronic form within a secure database; and

WHEREAS, Implementation of an electronic lien and title program in Illinois would change the lien and title process for lenders, dealerships, the Secretary of State's office, and other state departments relying upon such records, as well as Illinois residents; and

WHEREAS, The use of an electronic lien and title system would streamline the handling of records associated with titles and increase efficiencies to comport with technological advances, which would assist in electronic record retention; and

WHEREAS, An electronic lien and title system would reduce the cost involved in the handling, storage, and mailing of paper titles; and

WHEREAS, Improved accuracy, security, and timeliness would result from the electronic exchange of data and title work; and

WHEREAS, Expedited lien releases will benefit Illinois title holders in transacting the business of purchasing and selling vehicles; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that the House of Representatives urges the Illinois Secretary of State to implement a statewide electronic lien and title system.