The age of the pandemic forced industries to reinvent and adapt to a virtual working world. One of the most impactful processes to become virtual in 38 states is Remote Online Notarization (RON). Notary groups oppose this trend but are losing out in all but 3 states and the District of Columbia.
Remote Online Notarization is no longer an emergency need, but a convenience feature for title clients and agents alike. Platforms not only provide the ability to connect securely but storage options for personal information as well. As more banks and state credit unions integrate this as an acceptable option for notaries, it’s now easier for title agents to process their documents in a timely and efficient manner.
While there is still some hesitation on security for all information provided during the virtual notary meeting, most states have passed legislation allowing RON to be considered a legal and binding process.
To improve the overall use between states and clients, legislation at the federal level would bring standards to laws and platforms. SECURE Notarization of 2021 was reintroduced to the Senate in May of last year. This bill would allow all notaries in the US to perform RON services on authorized platforms. This is currently in a pending status, but even without federal regulation, this trend is growing in a positive way.
Tell us about how RON has helped your business! Did you know TIAC offers a RON endorsement on our E&O professional liability policy? If you are a current policyholder that recently started offering RON services, call us today to make sure we have this included in your current coverage.