Currently, RON is legal in 38 U.S. states. However, the bipartisan Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act of 2021, H.R. 3962 could soon change that. In an interview with FOX, an ALTA spokesperson said he believes the bill to authorize all mortgage transactions to be completed using remote online notaries could pass as soon as this year, or into 2022. "There continues to be broad, bipartisan support in Congress for the SECURE Notarization Act, and we continue to educate policymakers, alongside a broad coalition of partners, about the importance of expanding access to remote online notarization nationwide with strong standards for its use by all consumers," said Chris Morton, American Land Title Association (ALTA) senior vice president of public affairs. "We continue to seek all available opportunities to advance this legislation toward enactment in this Congress and are hopeful for its movement,” he said. Current requirements for a signer to physically be in the presence of a notary are often impractical and sometimes impossible due to social distancing constraints resulting from COVID-19, as well as other barriers, including military service or work travel, Morton said. However, advancements in digital mortgage technology, including electronic notarizations, have made it easier to manage mortgages and refinance options without ever having to leave your home.
Source: Rise and Shred