{"id":50632,"date":"2019-08-02T07:00:44","date_gmt":"2019-08-02T11:00:44","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=50632"},"modified":"2019-08-01T21:32:21","modified_gmt":"2019-08-02T01:32:21","slug":"notarycam-applauds-texas-for-eliminating-roadblock-to-recording-remotely-notarized-real-estate-transactions","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/notarycam-applauds-texas-for-eliminating-roadblock-to-recording-remotely-notarized-real-estate-transactions\/","title":{"rendered":"NotaryCam Applauds Texas for Eliminating Roadblock to Recording Remotely Notarized Real Estate Transactions"},"content":{"rendered":"

NEWPORT BEACH, Calif.,\u00a0Aug. 2, 2019\u00a0(SEND2PRESS NEWSWIRE) —\u00a0NotaryCam<\/a>\u00ae Founder and CEO Rick Triola today praised the Texas legislature for passing SB 2128, which will go into effect on September 1. The bill provides recording jurisdictions with additional clarity when conducting paper recordings of electronically executed documents.<\/p>\n

\"NotaryCam\"
\nThis bill addresses several uncertainties previously acknowledged in regard to remote online notarization (RON) in Texas. Under this bill, a notary will be able to certify via an affidavit that a paper copy of a notarized electronic record is a true and correct copy, and county clerks will be required to record the transaction.<\/p>\n

\u201cEven though RON has been legal in Texas for nearly a year, nuances in the state\u2019s real estate laws legislation have created unforeseen roadblocks to adoption. However, the passage of SB 2128 should remove the final hurdle for RON adoption in Texas,\u201d Triola said. \u201cBy passing this bill, the Texas legislature has removed doubt that a properly executed RON transaction will be accepted by county recorders statewide, thus paving the way for mortgage lenders and title\/settlement professionals to begin executing remotely notarized and closed Texas-based real estate transactions.\u201d<\/p>\n

According to data from the Property Records Industry Association (PRIA), only 71 (*see note 1) of the 254 counties in Texas current offer eRecording. Thus, with the vast majority of counties lacking the capabilities to eRecord, the Texas legislature correctly recognized the current state of affairs and enacted a solution to allow RON transactions to move forward regardless of a particular jurisdiction\u2019s recording procedures.<\/p>\n

\u201cOn a practical level, SB 2128 expands the definition of a paper document to include electronic records that have been \u2018papered out,\u2019 thus removing any doubt that these documents are eligible to be recorded in the state of Texas,\u201d said Celia Flowers, owner of East Texas Title. \u201cAfter talking to my clerks after the original RON statute went into effect last year, I quickly discovered that many of them did not know about the bill, nor did they understand what RON was. As a result, many of them \u2013 especially those that did not eRecord \u2013 were not going to accept documents that had been electronically notarized. I think this bill resolves many of the concerns clerks had regarding RON by providing a legally accepted framework for converting electronic document into paper format for recording purposes.\u201d<\/p>\n

Triola and Flowers, along with the Texas Land Title Association\u2019s Director of Government Affairs and Counsel Aaron Day and James Anderson from Championship Title, will be sharing lessons learned from Texas\u2019s roll-out of RON at the ALTA ONE conference in Austin.<\/p>\n

The session, \u201cNotable: Texas Title Agents are Rocking with RON,\u201d will take place on Wednesday, October 23 from 10:30-11:30 a.m. CT. For more information on the session and the conference, visit http:\/\/meetings.alta.org\/one\/<\/a>.<\/p>\n

(*Note 1: As of 5\/31\/19.)<\/em><\/p>\n

About NotaryCam:<\/strong><\/h3>\n

After pioneering the world\u2019s first multi-party\/multi-state remote online notarization (RON), career real estate executive Rick Triola founded NotaryCam and completed the first mortgage remote online closing (ROC) in 2014. Today, NotaryCam is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for hundreds of thousands of customers in all 50 states and more than 146 countries. The company\u2019s patented eClose360\u00ae platform delivers the \u201cperfect\u201d online mortgage closing in every jurisdiction with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. NotaryCam also proudly maintains an industry-leading 99.8 percent customer satisfaction rating.<\/p>\n

Visit https:\/\/www.notarycam.com<\/a> for additional information or to get a document notarized today.<\/p>\n

*LOGO Link for Media: Send2Press.com\/300dpi\/18-0607s2p-notarycam-300dpi.jpg<\/p>\n","protected":false},"excerpt":{"rendered":"

NEWPORT BEACH, Calif., Aug. 2, 2019 (SEND2PRESS NEWSWIRE) — NotaryCam Founder and CEO Rick Triola today praised the Texas legislature for passing SB 2128, which will go into effect on September 1. The bill provides recording jurisdictions with additional clarity when conducting paper recordings of electronically executed documents.<\/p>\n","protected":false},"author":7241,"featured_media":36729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10711,1,10,38,39,10681,216,6,5],"tags":[205,9856,10735,11673],"class_list":["post-50632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-business-news","category-california-news","category-finance-news","category-mortgage-news","category-newport-beach-business","category-real-estate-news","category-software-news","category-technology-news","tag-depthpr","tag-enotary","tag-remote-online-notarization","tag-texas-land-title-association","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":5638,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/50632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/7241"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=50632"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/50632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/36729"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=50632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=50632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=50632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}