Audatex North America Inc. has announced an agreement with the American Association of Motor Vehicle Administrators (AAMVA) to become an authorized data consolidator for reporting information to the U.S. National Motor Vehicle Title Information System (NMVTIS).
The NMVTIS database, overseen by the U.S. Department of Justice, maintains accurate vehicle “salvage and title data” to protect vehicle owners against fraud. NMVTIS provides consumers valuable information about a vehicle’s condition and history. Prior to buying a vehicle, consumers can use NMVTIS to research information on a vehicle’s ownership, most recent odometer reading, brand history, and – in some cases – historical theft data.
Federal NMVTIS rules, which became effective in March, now require that insurers, salvage yards, salvage pools and vehicle shredders report salvage and total loss vehicles into the national database.
"Audatex has a strong presence in all of the industries required to report to NMVTIS. They bring with them proven expertise to provide software and solutions to these industries that would enable effective and efficient reporting of data to the system," said Neil Schuster, President and Chief Executive Officer for AAMVA.
John Kotsopoulos, Managing Director for Audatex North America Inc., stated, “Our presence in the insurance, collision repair and salvage industries gives us the unique ability to work with AAMVA and efficiently enable our customers to meet their reporting obligations and participate in the drive to help consumers avoid fraud.”
