Form 2227 - South Dakota Electronic Lien And Title Lender Application Page 2

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By signing the South Dakota Electronic Lien and Title Lender Agreement, participating lenders agree to the
following conditions and requirements:
 The lender must provide their Lender ID (which is their FEIN if it is the principal location, secondary
branches of the lender will provide their Lender ID followed by their 2 digit branch identifier) to all loan
recipients and dealers utilizing selected lender services. The lender must require that all dealers utilizing
selected lender services record the Lender ID on the South Dakota Application for Title with the
accompanying lienholder information.
 The lender must work directly with their chosen provider’s Help Desk to resolve all ELT discrepancies
and data transmission issues.
 The lender shall use state data only for the purpose of fulfilling the requirements of ELT.
 The lender shall protect the confidentiality of the information and data to which lender has access. At
no time shall the lender furnish to any person, association, or organization any vehicle or title data
received from South Dakota Department without South Dakota Department’s prior written consent.
 The lender has no proprietary rights to the information received from South Dakota Department.
 The lender understands that South Dakota Department and its employees shall not be liable to the
lender for any damage, costs, lost production, or any other loss of any kind due to failure of South
Dakota’s equipment hardware or software or for the loss of consequential damages that are the result
of any other type of failure.
 The Lender assumes full responsibility for the accuracy of information and holds harmless and
indemnifies the Department, its officers and employees for any damage or loss, resulting from issuing a
certificate of title based upon such electronic lien satisfaction.
 The lender agrees to only request the printing of a title with lien if their customer moves out of state,
for court orders, for insurance claims, to make changes to owner information, or any other Department
approved situation.
 The Lender must execute the release of lien within 20 days or less of pay off.
 The Lender must address and respond to all lien errors within 3 business days of receipt from provider.
 Either party, upon giving 30 days written notice to the other party, may terminate authorization. In the
event of termination, South Dakota Department is released from any and all obligations to the lender.

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