Florida has joined twenty other states in authorizing the use of remote online notarization (RON). The bill, which was a key initiative of the Florida Land Title Association, was signed into law on Friday by Governor DeSantis and will become effective January 1, 2020.
What is RON?
RON is a process whereby a signer and a notary public use audio and video communication to notarize the signer’s electronic signature on electronic documents. In states where RON is permitted, personal appearance requirements are met by this interactive audio-video conference.
All RON supported transactions must comply with all state notarial law requirements where the property is located.
Underwriters require that RON service providers follow specific procedures for identity proofing, provide a clear quality audio-video recording of the notarial act only, provide a post-execution document record, and have in place a comprehensive vendor security program to ensure data security, such as SSAE 16, SOC2, or ISO27001.
Written consent from all parties to the transaction — seller, buyer/borrower, lender — must be obtained prior to execution of documents electronically, and the mortgage lender must approve and consent to the use of RON.
Additional approvals are required if a transaction involves the execution of a power of attorney by a remote online notarization or the use of a power of attorney for execution of documents.
Questions about Florida Title Insurance or Need a Florida Title Company?
If you have any questions regarding this matter, have questions about Florida Title Insurance or are in need of a Florida attorney or Florida Title Company, please reach out to us today. We are happy to offer you our guidance.