Federal and state governments work quickly to enable remote online notarization to meet global crisis
Posted January 12, 2021admin
As more businesses are forced to work remotely due to the coronavirus disease 2019 (COVID-19) crisis, several federal and state governments are moving quickly to enable fully electronic processes to keep businesses operating. On March 18, 2020, Senate Bill 3533, the…
Read MoreOn July 25, 2000, the first paperless real estate transaction took place in Broward County in Florida. That transaction involved a home purchase and financing and took less than five minutes to record. Immediately, recorded documents were returned to the…
Read MoreThe Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA) have collaborated to prepare model legislation that would provide the framework for any state to adopt an remote online notarization process. This model legislation was developed with input from an ad-hoc…
Read MoreThe 21st-century real estate closing is radically different from closings of the past. Since 2011, there has been major acceleration for eClosings or digital closings, and laws and technology that allow eNotary or remote notary processes are the fuel. While…
Read MoreMISMO’s RON standards were updated to include language to preclude the storage of personally identifiable information. The standards support model legislation that was developed by the Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA), which multiple U.S….
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