![]() ![]() ![]() All lienholders will be issued a Lienholder ID regardless of their participation in Oklahoma electronic lien and title programs. The Lienholder ID allows lien activities to be associated with your financial institutions so that you can run queries on vehicles associated with the lienholder ID. Lenders should use their Lienholder ID on all lien documents submitted to the State of Oklahoma. To streamline the transition to a title-holding state, the Oklahoma Tax Commission (OTC) will assign each lienholder a Lienholder ID. All titles processed prior to July 1 will remain valid until a new title action (transfer, request for duplicate title, etc.) occurs. All titles processed on or after July 1 with an active lien will be held by the lienholder. We wanted to offer the following updates to our Oklahoma vehicle records processes.Įffective July 1, 2022, Oklahoma will become a title-holding state for all vehicles, boats, and motors that are issued a title. ![]() Oklahoma is implementing significant pieces of legislation regarding vehicle liens and titles. Should you have specific questions there is contact information below.įrom: Nichole Gillett, Oklahoma Motor Vehicle DirectorĬc: Oklahoma Bankers Association, Oklahoma Credit Unions Association We encourage our bankers to attend the meetings, not only to get your own questions answered, but to learn more about the program from questions asked by other bankers. There are several dates listed below to attend a virtual meeting hosted by the OTC. Also, make sure all the appropriate people in your bank receive this email. PLEASE make sure you read this entire Banker Direct as there is a lot of information to digest. The Oklahoma Tax Commission late Tuesday sent us the below “MEMO” with information. Effective July 1, 2022, Oklahoma will become a title-holding state. ![]()
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