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Industry witness tells Senate Transportation Section 8 would speed insurance title transfers
Summary
Mark Bender of Copart testified to the Senate Transportation committee that Section 8, which would permit electronic signatures on titles transferred from insurers, could shorten weeks-long title-transfer delays to a single phone call and is already allowed in many states; he cited guidance from national industry groups and NHTSA and offered materials to the committee.
Mark Bender, representing Copart, told the Senate Transportation committee that Section 8 of the draft miscellaneous DMV bill would allow titles transferred from insurance companies to be signed electronically and would remove notary requirements for that targeted transaction. "What section 8 will do will allow the vehicle title to be transferred to an insurance company from the original owner through a streamlined method, and remove the notary requirements. Allows it to be electronically signed," Bender said,…
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