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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

  • Super Duper Flat After Overnight Losses
    Super Duper Flat After Overnight Losses In a vacuum limited to this week, Friday ended up being the only interesting day because it was the only outlier in terms of bond market price action.  On the p …
  • Mortgage Rates Jump to Highest Levels of The Week
    While there was never much of a chance of mortgage rates moving above the levels seen at the beginning of last week, they were easily able to nab the dubious distinction of hitting this week's hi …
  • VOE, Home Equity, MERS Audit Products, Builder Applications
    I get asked if I think our industry puts too much emphasis on what the Federal Reserve is doing, and its being able to control inflation. In a word, my answer is yes. The Fed has a hand in inflation, …
  • Lower Volume And Corporate Bond Issuance Pushing Yields Higher
    This week's bond rally hit a wall at the 3pm close on Wednesday.  There's been gradual upward pressure since then with today's overnight session seeing some of the fastest selling.  The …
  • Morning Volatility, Afternoon Drift
    Morning Volatility, Afternoon Drift Bonds began the day in modestly weaker territory before undergoing a bit of volatility after the morning economic data.  The two reports in question were Jobless Cl …

MortgageNewsDaily.com

 

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