Manufacturers
Automobile manufacturers can dramatically reduce the use of paper Manufacturer's Certificates of Origin (MCO).
- NMVTIS allows jurisdictions to inquire on an electronic MCO for data necessary to create the vehicle's first title. This will allow the manufacturers to reduce the use of the paper MCO. The jurisdictions will build initial title records from the electronic data created by the manufacturers, which will significantly reduce data entry errors.
Insurance Companies
Insurance companies pay theft claims of about $8 billion per year. Carriers will be able to inquire on NMVTIS before writing a policy on a vehicle.
- An inquiry into NMVTIS will show the vehicle’s title, odometer, and brand history, as well as indicate whether the vehicle has been reported stolen. The insurance carrier may use this information in its determination of whether to issue a policy.
The information in NMVTIS, and its availability to titling agencies, law enforcement, insurance carriers, and prospective buyers of vehicles will result in a reduction in titling of stolen vehicles and a reduction in title fraud. Further, the ability of buyers to check for indicators of the vehicle's safety will reduce the number of unsafe vehicles on the roads.
For more information on NMVTIS or questions regarding jurisdiction participation, contact AAMVA's Operations and Quality Assurance Department.