West Virginia Gov. Jim Justice announced that the state’s Division of Motor Vehicles has launched its National Digital Titling Clearinghouse. According to the governor’s office, the clearinghouse is a central location for quick, efficient, and secure title transfers, and the first of its kind in the United States.
“The launch of the National Digital Titling Clearinghouse represents a major leap forward for West Virginia and will bring millions of dollars into our state while providing significant time and money savings to businesses nationwide,” Gov. Justice said. “It’s not only going to help West Virginia businesses, it will allow West Virginia to benefit businesses outside our state borders in a big way.”
A press release explains that national auto retailers, fleet operators, insurance carriers, and salvage vehicle companies from all 50 states can now use the Clearinghouse to enroll and begin the onboarding process. Once onboarded, licensed non-resident businesses will be able to transfer existing out-of-state titles into a West Virginia title in their name.
The state believes that the National Digital Titling Clearinghouse will significantly reduce the amount of time it takes to turn a title around. Lengthy title turnarounds often prevent auto retailers, insurance carriers, and fleets from selling a vehicle for months, impacting business productivity and carrying considerable costs, the state said.
“I’m exceptionally proud of the West Virginia DMV for leading the nation with this unprecedented technology,” Commissioner of the West Virginia Division of Motor Vehicles Everett Frazier said. “This new enhancement, which allows a reduction in title turnaround times from well over a month to just a few days at most, wouldn’t be possible without the team of dedicated employees I have in place at the DMV, the innovation through our partners Champ Titles and Tyler Technologies, and the continued support from Governor Jim Justice and Secretary of Transportation Jimmy Wriston, P.E.”