(a) Notwithstanding any other provision of this title, the Administration may develop and implement an electronic system for the issuance of certificates of title and the recording and releasing of security interests.
(b) The electronic system may provide for:
(1) Recording titling and registration data without the issuance of a certificate of title; and
(2) Recording and releasing liens without the issuance of a security interest filing.
(c) The electronic system may provide for the electronic transmission of vehicle data to and from service providers, as defined in § 13–610 of this title.
(d) The Administration shall adopt regulations to govern the electronic transmission of titling and registration information authorized under this section.