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Senate repeals ban on passing e-lien fees, approves electronic lien and title bill
Summary
After a day-long debate over who should bear the cost of a new electronic lien and title system, the Wyoming Senate adopted an amendment removing a prohibition on vendors passing transaction fees to customers and passed Senate File 25 on final reading.
The Wyoming Senate on Jan. 21 adopted an amendment that removes a legislative ban on private vendors passing transaction fees to users of an electronic lien and title system, then passed Senate File 25, the measure to create an electronic lien and title filing system.
The bill aims to replace a paper-based lien and title recording system that committee members said imposes substantial time and postage costs on businesses. Senate File 25 authorizes the department to contract with vendors to build and administer the electronic filing system and allows vendors to charge transaction fees to recover development and operating…
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