Sunday, August 1, 2010

Revised Uniform Law On Notarial Acts

The National Conference of Commissioners on Uniform State Laws has approved the final wording for the Revised Uniform Law on Notarial Acts. The revision of the 1982 act updates the provisions on notary responsibilities, electronic recording, interstate recognition, and remedies. From the NCC:

"...countless societal and technological changes have occurred requiring notarial officers and the notarial acts which they perform to adapt. This version of ULONA adapts the notarial process to accommodate those changes and makes the Act more responsive to current transactions and practices. Perhaps the most pervasive change since the adoption of the original version of ULONA has been the development and growing implementation of electronic records in commercial, governmental, and personal transactions..."

"This revision of ULONA further recognizes electronic notarial acts and puts them on a par with notarial acts performed on tangible media. It does this by unifying the requirements for and treatment of notarial acts, whenever possible, regardless of whether the acts are performed on tangible or electronic media. While continuing the basic treatment of electronic notarial acts provided in UETA, ESign and URPERA, this Act implements structural and operational rules for those notarial acts that were absent in the prior laws..."

Even the NCC language acknowledges that many of the issues addressed in the revision are already covered under other acts such as the Uniform Electronic Transaction Act (UETA), the Electronic Signature in Global and National Commerce Act, and the Uniform Real Property Electronic Recording Act (URPERA).

You can read the rest here: Summary of Revised Unifrom Law on Notarial Acts

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