New Procedures for Motor Vehicle Lien Filings – Effective 2010
Changes made in the 2009-11 budget bill affect Wisconsin lien holders and the process for recording and releasing liens with the Division of Motor Vehicles.
Effective January 1, 2010, the lien fee will increase from $4.00 to $10.00. The bill also eliminates the $5.00 fee for transactions transmitted electronically by a financial institution after January 1, 2010.
Effective July 1, 2010 non-individual lien holders will be required to electronically process lien add and release transactions for Wisconsin customers. Some lien holders and transactions may be exempt from this rule.
It is to your advantage to enroll in an electronic system prior to implementation of the new law. Wisconsin DMV is pleased to offer three choices for electronic processing. Please visit the DMV website for more information at: www.dot.wisconsin.gov/business/dealers/financial-inst.htm