More and more states are adopting Remote Online Notarization (RON) legislation. RON provides access to critical tools in today's climate of remote working, allowing businesses to execute real estate documents with clients, vendors and government entities when the notary and signer are unable to physically be in the same room. To be prepared to adopt RON technology, title agents need to start learning what their role in an electronic closing transaction will look like.
In order to first get started with RON, you should know that every state has required regulations that need to be followed for any RON transactions - and each state is different. Some states have fully approved RON, some have enacted emergency RON legislation, and some are not considering RON legislation at all yet. This RON Part 2 e-book includes information on where to access each state's regulations for RON.
Although the RON process varies state by state, there are general requirements for how RON must be conducted. For example, it must be done in real-time, the transaction must be recorded, and the signature must be "tamper-evident", just to name a few requirements. It's important to familiarize yourself with the specific regulations for your state.
You'll also need to conduct a search to find a RON provider. There are many RON software providers out there, but you should consider several factors to help choose the provider who will work best for your business needs. "Is the vendor authorized to perform RON?" and "do they allow on-boarding of your company's notaries?" and "what hardware or technology is required for your company to use the vendor's services?" are just a few of the questions you need to ask.
Lastly, you need to make sure your office and staff is prepared to conduct a RON closing. Internal training will likely be necessary, IT requirements will need to be met, and you need to be sure you're staying up-to-date on your state's RON requirements and regulations.
Download our complete RON (Part 2) e-book for a how-to guide on how to use RON, along with a list of current RON providers. You'll learn:
Looking for our RON (Part 1) e-book that covers all the basics of what Remote Online Notarization is, along with digital technology terms and definitions of the different types of closings? Download Part 1 below: