IL HB2856

Secretary of State shall implement, manage, and administer an electronic lien and title system by July 1, 2021, allowing lienholders to perfect, assign, and release liens electronically.

Electronic records, signatures, and delivery methods are authorized for vehicle-related documents and have the same legal force and effect as paper records and manual signatures.

Secretary of State shall require licensees under Chapters 3 and 5 to submit records using electronic media by July 1, 2021, and may also require original paper records.

Electronic submittal, receipt, and delivery of records and electronic signatures shall be supported by signed agreements between the Secretary of State and submitters, including minimum transaction volume levels and security standards.

Secretary of State shall provide electronic notification to lienholders to verify perfection of security interests and shall enter electronic release records and mail paper certificates of title to owners at no expense upon receiving electronic release requests.