In Case You Missed This!
Washington Administrative Code WAC 308-30 “Remote Notary Acts…”
SUMMARY OF DEPARTMENT OF LICENSING
EMERGENCY RULE ON
REMOTE NOTARY ACTS & ENDORSEMENT TO NOTARY PUBLIC LICENSE
(Amending Chapter 308-30 WAC | Effective March 26, 2020)
Background to Emergency Rulemaking
Governor Inslee has issued a State of Emergency Proclamation (20-27) in relation to suspending the delay effective date (October 1, 2020) of RCW 42.45.280, which was added to the Revised Uniform Law on Notarial Acts (“RULONA”) [SB 5641, 2019 c 154 s 1], a law administered by the Department of Licensing. By operation of law, the Governor’s Proclamation made RCW 42.45.280 with respect to “remote notarial acts” by electronic means effective immediately, subject to required rulemaking. Although the Proclamation is itself effective for only 30 days from March 27, 2020 until midnight April 26, 2020), it may be extended by a written agreement of the Legislature’s Leadership until such as the Legislature convenes and makes a further extension by concurrent resolution. Note again that without a state of emergency proclamation in effect, RCW 42.45.280 will be in effect anyway as of October 1, 2020.
Pursuant to its authority under of the Governor’s Proclamation, the Department of Licensing issued emergency rules effective as of March 27, 2020, authorizing remote notarial acts using electronic means. See attached Emergency Rulemaking (OTS 2172.1 and Washington State Register No. 20-08-071)….
Full Text to:
- Summary to Department of Licensing Emergency Rulemaking on Remote Notarial Acts.
- Rule Making Code – Emergency Rule Order
- Actual Code (Certified by the Code Revisor) Note: 8 pages of revisions and new sections included on page 5.“WAC 308-30-290 Authorized remote notarial acts”
From Governor Inslee – Real Estate Mortgage Guidance 
Digital IDs: Acceptable For Notarizations?
Colorado has become the latest state to authorize the use of digital driver’s licenses and identity cards. But Notaries in the other 49 states and the District of Columbia may encounter signers from the Centennial State who present an ID on their cell phones rather than a physical ID. If this happens, is it acceptable as proper identification for a notarization? (Click Here for the Full Article)
Proposed LPO Fee Increase? Unreasonable…
Your Escrow Association of Washington wrote in support of LPO Board Chairwoman, Shelley Miner’s position opposing the Washington State Bar Association’s recommendation that the fee be raised more than 400%. Calling the new proposed fee of $453, “unreasonable and financially unnecessary,” and acknowledging that the fees had not been adjusted for a number of years, Chairwoman Miner’s letter to the WSBA instead endorsed the Bar’s own Budget and Audit Committee recommendation that the fee increase to $200. Click here to read the LPB’s entire letter in opposition.
HousingWire.com
- MBS RECAP: Calm Week Ends on an Even Calmer Note
Posted To: MBS CommentaryCalm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be quite as underwhelming as today turned out to be. Bonds remained locked perfectl … - How Long Can The Good Times Last For Housing and Rates?
Posted To: Mortgage Rate WatchWhile it wasn't quite the biggest surprise of 2020, the strength of the housing market was one of the best. The just-released numbers for December keep the good time … - Existing Home Sales Reach Highest Levels Since 2006
Posted To: MND NewsWireExisting home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association o … - Upbeat 2021 Econ Forecast From Fannie Mae
Posted To: MND NewsWireOptimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's Economic and Strategic Research (ESR) team says expanding vaccin … - End-of-Year Delinquencies a Challenge for 2021
Posted To: MND NewsWireMortgage performance understandably deteriorated over the course of 2020. Black Knight, in its "first look" at December data, noted that the year ended with 1.54 milli …
MortgageNewsDaily.com
- Here’s how to choose between a house, condo or townhouse
Buying a home is a big decision. And with so many different options, it's important you buy the right property for your budget and goals. Here's how to decide between buying a house, condo o … - People movers: Better.com, Credit Plus, Foundation Title & Escrow
People Movers provides updates about the business professionals making waves in real estate and mortgage. Here’s the latest. The post People movers: Better.com, Credit Plus, Foundation Title & Esc … - Senate Finance Committee unanimously approves Yellen
In a unanimous 26-0 vote, the Senate Finance Committee approved Janet Yellen's nomination to the U.S. Treasury Secretary on Friday. Senate Majority Leader Chuck Schumer said there would be no oth … - Biden issues 60-day regulation freeze
As one of his first directives after taking office, President Joe Biden announced a 60-day freeze on regulations in order to give his administration time to review any new rules. The post Biden issues … - COVID couldn’t stop the U.S. housing market in 2020
When I think about the 2020 housing market, the big take-home is not the V-shape recovery in many of the housing metrics or even the hotter-than-expected price growth. The big take-home is that 2020, …
Not receiving the weekly “In Case You Missed This!” communication? If you are using your work email to receive correspondence from us, it is likely that your company’s security settings are rejecting incoming emails. Please contact us at administrator@e-a-w.org or call 253-445-3576 to provide us with an alternate email.