|
Please note:
|
Educadium Customer & Technical Support Manager
email: support@educadium.com
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
- 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
- Fannie Mae changes underwriting to help ‘credit invisible’ borrowers
Fannie Mae said the goal is to provide "more comprehensive view into a borrower’s financial health that can help enhance the credit assessment as part of the lender’s underwriting decision." … - Broker group calls on FHFA to spike upcoming cash-out refi fee
The chorus of mortgage brokers who are calling on the FHFA to remove a targeted cash-out refinance fee is growing louder. - Path Software launches new TPO capability
Calyx launched a new third-party origination (TPO) functionality for Path Software called Path TPO, the company announced Tuesday. - How LOs get into a real estate agent’s circle
“That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, said. “The lender and LO can make or break the transaction.” - How to reach the growing segment of Hispanic American homebuyers in 2023
As interest rates remain volatile and demand continues to suffer, lenders across the industry are seeking new avenues to reach borrowers. Often, that means analyzing target markets to determine fresh …
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.