§ 11A — Electronic recording of security interests

Section 11A. The registrar is authorized to develop, establish and maintain an electronic data and communication system with banks, credit or other financial institutions for the purpose of electronically recording the existence of security interests under the provisions of this chapter. Where an electronic lien recording method is employed, the registrar may waive the issuance and mailing of the certificate of title to the lienholder required under section eleven.