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”
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.
- Realtors Report that their Customers are Back
Posted To: MND NewsWireA new survey by the National Association of Realtors® (NAR) has found that the vast majority of its members feel as though their businesses are back on track. NAR says, "Af …
- MBS Day Ahead: Are Mortgage Rates Done Closing The Gap To MBS?
Posted To: MBS CommentaryWe've talked a lot about the massive rift that opened up between mortgage rates and MBS yields as the pandemic hit markets several months ago. MBS yield isn't someth …
- LO Jobs; Marketing Products; Compliance News: Is a "like" a "thing of value"?
Posted To: Pipeline PressUnited Airlines may lay off 36,000? Bed, Bath, and Beyond closing 200 stores? Walgreen’s cutting 4,000? Yup. Lower rates won’t save those jobs, but we’ll have low rates for a …
- Fairly Innocent Wake-Up Call For Mortgage Rate Watchers
Posted To: Mortgage Rate WatchMortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 …
- MBS RECAP: Closer Look at Stocks vs Rates
Posted To: MBS CommentaryBonds Pull Back, But It's Still a Waiting Game Despite some modest weakness to begin the day, bonds remain smack dab in the center of their recent range. We've offic …
- 1.3 million Americans file for jobless benefits as virus surges
Another 1.3 million people filed for jobless benefits last week while the overall number of unemployed Americans dipped. The post 1.3 million Americans file for jobless benefits as virus surges appear …
- Mortgage rates fall to all-time lows
Rates for a 30-year and 15-year fixed mortgage fell to all-time lows this week as a resurgence in the pandemic caused investors to buy more bonds, including mortgage-backed securities. The post Mortga …
- Gentrification comes from lack of housing supply, Urban Institute says
Higher housing costs as a result of the shortage inventory leads affluent buyers to seek out low- or moderate-income neighborhoods, creating gentrification. The post Gentrification comes from lack of …
- Forbearance rate declines after June’s economic improvements, but will it hold?
The U.S. mortgage forbearance rate fell to 8.47% in June’s last week as businesses reopened and the jobs market improved, according to an MBA report. But will it hold? The post Forbearance rate declin …
- 5 things mortgage pros must know about Quicken Loans’ Rocket Companies IPO
This week a Quicken Loans SEC filing confirmed the company will IPO with Rocket branding. HousingWire Columnist Julian Hebron is back with more insights into what this means for the mortgage industry. …
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 email@example.com or call 253-445-3576 to provide us with an alternate email.