The U.S. House of Representatives recently passed the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE), meaning we are one step closer to Remote Online Notarization (RON) being legalized nationwide. While Michigan has authorized the use of RON for some time, this is exciting news that will set much-needed national standards and bring RON to the states that still lack legislation.
RON (Remote Online Notarization) allows signers and notaries to be in separate locations via digital signatures during a closing. It uses secure video and audio connections to complete the process. The SECURE Notarization Act also creates a national minimum standard for its use.
RON gives notarization access to homebuyers with disabilities, active-duty service members, and those with COVID-19 or who need social distance and more. Plus, for many, it’s simply a more convenient, modern option compared to a traditional closing.
Buyers and sellers have already been on board with remote closings. According to one survey, 97% of people who had used RON said the process was safe and secure, and 95% said they’d recommend RON to others.
The Transnation team has already been offering it as an option for certain residential and commercial transactions. Since the pandemic began, we’ve seen an increase in its popularity as many customers seek more flexible and convenient services. To learn more about our RON option, click here.
Whether your closing is done in person or remotely, you can always count on the Transnation Title team to provide protected work quickly. Contact us today!