NotaryCam applauds Florida RON legislation

NotaryCam is applauding Florida’s newly enacted legislation authorizing remote online notarizations (RON) and specifying requirements and standards for such transactions.

The legislation took effect this year and enables notaries physically located in Florida to perform RONs, regardless of whether the principal or any witnesses are physically located in Florida at the time of the online notarization.

“Florida consistently ranks in the top five nationwide in terms of mortgage origination volume, making it quite a milestone to have a state of this size and importance to the mortgage industry legalize RON,” NotaryCam founder and CEO Rick Triola said in a release. “Not only does this change enable out-of-state buyers and sellers to close a real estate transaction without needing to be physically located in the state of Florida, but it also eliminates all the associated and unnecessary friction with mail-away closings, such as transaction delays, overnight delivery charges and missing signatures, initials and/or pages from the final closing package,” Triola said.

“With 56 of the 66 counties in Florida allowing eRecording, it’s now easier than ever to complete a real estate transaction in Florida.” Florida’s legislation also addresses electronic wills (eWills) and clarifies that eWills can be signed with an electronic signature. “By expanding the capabilities of eWills and legalizing RON, Florida has provided its 21 million residents with the capability to efficiently execute two of life’s biggest events,” Triola added. “NotaryCam is thrilled to be working closely with Florida trust and estate planning attorneys and real estate professionals to deliver RON and eWill capabilities to their respective clients, and we are equally as enthusiastic to help Florida notaries make the transition to RON.”