** Updated as of 12/21/2021
Glossary of terms:
EVR- electronic vehicle registration is the process of submitting titling data to the DMV through the internet
IMF- Infrastructure Maintenance Fee is paid at the time of vehicle purchase. The fee is 5% of the purchase price up to $500
SCDMV- the South Carolina Department of Motor Vehicles
ACH- Automated Clearing House is a means of drafting payment electronically through the customer’s bank account. ACH happens daily if there are chargeable transactions on the customers account.
IRP- International Registration Plan authorizes commercial vehicles to proportionally register among jurisdictions. These are typically tractor trailers or large box trucks which haul freight.
DMS- Dealer Management System is the software dealers utilize to manage vehicle inventory, CRM, deals and other aspects of dealership management.
TP Tag- Transit Plate tags are 30-day tags which are purchased from the SC DMV for customers who plan to register their vehicle in a different state. These tags states should be used from all transactions where the vehicle will not be registered in South Carolina.
