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Senators Introduce Bipartisan Legislation for Nationwide Online Notarization

U.S. Sens. Kevin Cramer and Mark Warner have introduced the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, bipartisan legislation to permit immediate nationwide use of Remote Online Notarizations (RONs).

“The pandemic exposed several flaws and outdated methods used in the American economy, and the notary process is a prime example,” said Sen. Cramer. “Our bill would bring this process into the 21st Century, allowing people to securely complete notarized documents remotely, just as they do with many other important forms.”

The SECURE Notarization Act would authorize every notary in the U.S. to perform RONs. It would require the use of tamper-evident technology in electronic notarizations and help prevent fraud through the use of multifactor authentication.

“Remote online notarization is a transformative technology that offers consumers a convenient way to safely and securely complete important documents,” said Sen. Warner. “While the COVID-19 pandemic presented a number of obstacles to essential tasks such as executing wills, completing financial documents, buying or selling a home, or purchasing or selling a car online, many states demonstrated how to effectively deploy this type of technology to meet the needs of Americans.”

The bill is endorsed by a wide array of organizations including the American Land Title Association (ALTA), Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), the American Council of Life Insurers (ACLI).

“The National Association of Realtors thanks Sens. Cramer and Warner for their reintroduction of the SECURE Act,” said NAR President Charlie Oppler.“NAR encourages Congress to enact this legislation and provide more flexibility to consumers nationwide looking to safely and effectively close real estate transactions using secure, two-way audiovisual communication.”

Bill Killmer, SVP of Legislative and Political Affairs at MBA, said, “The SECURE Notarization Act is essential to support new homeowners and would help apply a measure of transactional freedom to the flow of essential real estate closing activities as Americans begin to fully emerge from the pandemic. MBA appreciates Sen. Cramer and Warner’s commitment to enable nationwide use of RON technology. Their continued diligence and hard work on this critical issue will greatly simplify and improve mortgage transactions for everyone pursuing the dream of homeownership.”

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

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