HB248 Summary

• Requires the Commissioner of the Department of Revenue to contract within nine months for establishment, implementation, and ongoing operation of a mandatory electronic lien and titling system for motor vehicles in Alabama.

• Contract terms must specify a minimum seven-year term, with the contractor bearing all costs for system establishment and implementation, and the department reimbursing the contractor for any anticipated lost revenue if lienholders are exempted from participation.

• System must be operational within one year from contract award, and the commissioner must adopt rules setting an operative date for mandatory lienholder participation within one year of system launch.

• Bidders must have a minimum of five years' experience in directly providing electronic lien services to both state motor vehicle departments and lienholders.

• Commissioner is authorized to adopt rules implementing the act's requirements, including designating additional classes of lienholders exempt from system participation.