SF0025S2002

This amendment adds transaction fee restrictions to the electronic lien and title system, prohibiting dealers, lenders, lienholders, insurance companies, and secured parties from requiring end consumers to pay transaction fees.

• Clarifies that transaction fees charged for using the electronic lien and title system must be paid by the business entities (dealers, lenders, lienholders, insurance companies, and secured parties) that use the system, and prohibits these entities from passing transaction fees to customers or other individuals not normally engaged in vehicle financing. (Page 3, lines 5-12)

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