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What are the benefits of using the online system for filing a NOL?

April 26, 2017Benefits filing NOL online system

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What are the benefits of using the online system for filing a NOL?

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• Liens filed online will update the department’s lien file within 24 hours (excluding holidays and weekends), barring any problems. • Filing promptly can reduce inaccuracies on titles. • Proof of perfection is received immediately upon filing. • Lien records are archived online for the institution’s account Administrator to access and reprint anytime. • No postage, envelopes, or mailing is required. • Lienholder name and address is auto-populated in the system for consistency on every lien filed by that lienholder and on each title subsequently printed. • Front-end system edits help to ensure all required information is recorded on the online NOL and to avoid rejects. • Accounting records are automated with regards to transactions filed and fees charged.