Page 6 - GIADA March-April 2020

THE PULSE OF GIADA

We Are in This Together

Below I have shared from Sherri the Title Error: Forgetting to add the co-buyer in
Manager and Kristi the ETR manager some ETR.
of the most common mistakes made with Action Needed: Please review the
Titles and the ETR transactions. Please take information on the Review tab before you
time to review them. finalize the deal. If there are two owners
on the title documents, please make sure
FROM KRISTI’S DESK two owners are listed in ETR. If you have
Recording Mileage an error on your documents and it has to
Error: Mileage entered does not match be taken to DOR for correction, you will
paperwork customer signs. This pertains to receive a $15 document error fee.
exempting miles, too.
Action Needed: Be consistent. Entering 0 Error: Not submitting proper affidavits (T-
GIADA EXECUTIVE for miles and choosing Exempt Miles on 16, T-11,T-107)
DIRECTOR, the vehicle tab will exempt the miles on the Action Needed: Ensure a T-16 (affidavit of
Amy Bennett new title issued. If the car is not exempt, repossession) is attached to the title when a
enter the miles when the vehicle sells not vehicle has been repossessed. Don’t release
“We Are All In This Together” is a phrase we the miles when the vehicle was stocked in. the lien on the front of a title when a vehicle
have all become too familiar with! I know has been repossessed.
from the hundreds of phone calls we are Finalizing a Deal
still getting every day that the automobile Error: Finalizing too early. Ensure a T-11 is attached when you make
industry has been hit hard. Action Needed: A dealer has 30 days from an error to the back of a title assignment.
the date of sale to finalize a deal. If there is Example: seller or purchaser signs in
I do appreciate the hard work GIADA’s a possibility you will unwind the deal, wait wrong place. A T-11 can’t be used for lien
lobbyist did for our dealers in Georgia to be to finalize. At this time, canceling a deal is corrections or odometer corrections.
able to remain open. extremely difficult, time consuming, and
potentially costly. Ensure a T-107 is attached to the title to
I think it is more important than ever to correct an incorrectly recorded odometer
keep your membership current. It’s a fact In summary, review, review, review. This reading in title assignments.
we would not be heard without the strong will save you time and money.
presence we make with 2500 members. ETR POINTERS
So, thank you to all our current members. FROM SHERRI’S DESK • Please monitor your icons daily at the
GIADA does appreciate you! For helpful Error: The customer or dealer signature is top of the screen which will allow you
links that are updated daily for the different missing on documents. to view documents that are pending late
Federal COVID-19 relief programs, please Action Needed: Please make sure the and are late. These icons alert you of
go to covid19.niada.com. As a member of dealership and customer have signed the possible fees. Please monitor these icons
GIADA, you are automatically a member of correct documents before sending them in. very closely to avoid charges.
the National Association so take advantage • Use the “My Deals” link to access your
of the resources they have provided at a Error: Forgetting to add a lien holder/ deals and view “Notes” your scanning
national level. incorrect lien partner has issued.
Action Needed: If there is a lien holder in
With times being harder than ever, you ETR there should be a lien holder listed Please look over these and make sure you
need to be diligent and accurate with your on the MV-1, title, or reassignment form. are doing your paperwork correctly!!
paperwork. Late fees and penalties are Ensure the lien holder in ETR matches
avoidable! If you not set up for self scanning the lien holder on your MV-1, title, or Thank you and stay safe,
with TitleTec please do it today. During reassignment form. Ensure the correct
these times even though we have been able lien holder ELT code is listed in ETR and
to keep a few people at the office, we have matches the ELT lien holder code on the
been able to QA thousands of Titles from MV-1.
home to process them in a timely manner.

4 | GIADA Independent Auto Dealer MAR/APR 2020