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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:

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

  • Mortgage Rates Drift Inconsequentially Higher
    This week continues to be a placeholder ahead of more consequential events coming up in the week ahead.  Specifically, next Tuesday and Wednesday's combination of the Consumer Price Index and the …
  • Mystery Rally Gets Bonds Back in The Green
    Mystery Rally Gets Bonds Back in The Green Both Tuesday and Wednesday are effectively free from market-moving economic data,  Moreover, nothing this week has to offer can come close to next week' …
  • What's Next For Bonds if The 10yr Drops Below 3.5%?
    Today's trading session is effectively data-free in the US with the never-market-moving International Trade report the only data on the calendar.  Bonds were willing to respond to broad economic …
  • Mortgage Rates Start Lower, But Finish Higher
    Mortgage rates ended last week very close to their lowest levels in more than 2 months after Fed Chair Powell essentially confirmed next week's rate hike would be smaller than the last.  This was …
  • Black Knight Home Price Data at Odds With Recent FHFA Move
    Black Knight released its Mortgage Monitor report today–always a treasure trove of robust housing/mortgage-related data.  Of particular interest this time around is the ongoing price declines seen in …

MortgageNewsDaily.com

 

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