AUGUST 2019

NotaryCam(r) Founder and CEO Rick Triola recently 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.

This 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.

According to data from the Property Records Industry Association (PRIA), only 71 of the 254 counties in Texas currently 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’s recording procedures. Read complete article .


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Please join us at the PRIA Local Workgroup Session if you're attending PRIA's Annual Conference in Colorado Springs, Colorado (August 26-29). The workgroup will meet on Thursday, August 29, from 1:00 to 1:50 PM. We'll be sharing information about PRIA Local, talking about how you can start your own Chapter back home. You will also meet many current PRIA Local co-chairs and hear about their experiences.

In June, Wisconsin started their own PRIA Local Chapters. They decided to reach maximum attendees throughout the state by having two meetings with the same content in two different locations. On June 18 their meeting was held in Madison and on June 20 they held a meeting in Weston. The primary objective for these inaugural meetings was to: "Build a bridge of communication between the property records stakeholders by sharing perspectives and information and resolving problems through discussion and networking." Check out their meeting minutes and agendas and feel free to contact their co-chairs to find out more.

C heck the PRIA Local Map to help find a Chapter meeting in your area or contact Carolyn Ableman, PRIA Local Coordinator, to find out more or to start your own Chapter.

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excerpted from TheSun 8/1/19

Lawyers, title companies, banks and others who regularly record documents at the Town Clerk's Office have a new option. Rather than going to Town Hall in person or using the mail, the service is now available online.

The electronic recording service, which went into effect in early August, allows for the eRecording of documents such as deeds, mortgages, releases, assignments and Uniform Commercial Code filings. The electronic service will reduce foot traffic, copying and paper expenses at the Town Clerk's Office, and reduce mailing expenses for those recording documents with improved turnaround time.

Four companies will provide the electronic recording services. The town contracted with Simplifile LLC of Provo, UT, eRecording Partners Network LLC of Minneapolis, MN, Indecomm Global Services of Edison, NJ, and Corporation Service Co. of Wilmington, DE. Westerly is the first municipality in the state to offer eRecording. Read complete article .


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excerpted from TheDailyJournal 8/1/19

Routinely, county residents need records from the recorder’s office. A resident may need information on property they are buying, a veteran may need discharge papers or someone researching family history may want to look up the history of property that has been in the family for generations.

Johnson County, Indiana Recorder Teresa Petro is making it her mission to digitize, archive and index all of the records the recorder’s office is tasked with keeping for the county. With digitization and indexing, residents can do easier online searches for records they may need to get a mortgage or to do genealogical research. Read complete article.

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excerpted from T he Guardian 8/5/19

Surveyor experts have investigated the deployment of blockchain technology to advance transactions, the surveying profession and to boost transparency between practitioners and clients. According to them, the use of the technology would go a long way in mitigating severe lack of transparency, closeness of the sector to certain people, high taxes/investment fees, lack of liquidity in the industry, delays in transaction speed and issues of pricing commitments.

Blockchain technology is a time-stamped series of immutable data records that are managed by a cluster of computers not owned by any single entity. Each of these blocks of data are secured and bound to each other using cryptographic principles. The decentralized record-keeping technology, which is designed to instill trust in the authenticity of digital transactions, could be used to create efficient solutions for both commercial and residential real estate, from buying property to conducting due diligence on transactions. Read complete article.

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excerpted from MPA 7/29/19

With more US states enacting remote online notarization, the mortgage industry’s standards organization has issued its first standards for the process. MISMO’s new Remote Online Notarization (RON) standards allow the use of audio-visual communication devices to notarize documents in a virtual online environment.

In an update to draft standards issued earlier this year, the new RON standards also include language to preclude the storage of personally identifiable information. The standards are not yet ready for broad use across the residential mortgage industry as there will first be a public comment period until today. Assuming no substantive comments are received, the standards will then be moved to Candidate Recommendation status. Read complete article.

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The city of Austin's office of innovation has received a $409,000 grant from the Robert Wood Johnson Foundation as part of an initiative that will explore the relationship between technology, infrastructure and health.

The grant will enable the city to work with local, national and international partner groups to test the viability of a blockchain-enabled digital identity platform. The city will explore how blockchain technology can help secure identity documents that, in turn, will help facilitate access to social and health services vital to ending and preventing homelessness. Read complete article.


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excerpted from ALTA Advocacy Update by ALTA CEO/COO Diane Tomb, July 15, 2019

"Recently ALTA launched the Coalition to Stop Real Estate Wire Fraud. As I am learning, this is a problem that can't be solved head on with one act. Rather it takes a coordinated approach of promoting consumer awareness and industry best practices to help put a dent in crime.

The Coalition really helps us on this first part. At the end of June, we launched an advertising campaign targeting first-time homebuyers in three top markets for millennials, Birmingham, AL; Pittsburgh, PA.; and Virginia Beach, VA. So far, our results have been promising. On average, consumers are acting on our ads at about twice the rate for similar political ads. This translates into thousands of potential buyers in those markets who are learning more about how to protect themselves before they buy a home.

While it's important to ensure consumers see ads on the topic prior to buying, we also need to collect stories directly from consumers. We are asking victims to share their stories on the Coalition website ( stopwirefraud.org ). These stories are critical to getting news media to write articles on the subject. As we learned in a poll earlier this year, half of consumers are not worried about losing their money to wire fraud because less than a quarter have seen a news piece on the subject. Thanks to the work of ALTA's Board of Governors and staff, the Coalition is positioned to change this."


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