Recent changes to state laws and regulations have enabled the real estate industry to establish innovative digital processes that empower our customers and provide them with a streamlined closing experience.
Remote online notarization (or RON) is one of the latest trends in closings and can be broken down into three steps:
- Electronically signing a document
- Electronically notarizing a document
- Witnessing the signing remotely by video
While one state was on board with RON nearly a decade ago (Virginia), it took a bit longer for any other state to examine its notarial laws. By the beginning of 2018, only 4 states had passed laws to allow their notaries to perform remote online notarizations. As of September 2019, more than 20 states now have RON laws in place.
We do want to emphasize that every state and county is handling RON differently. It’s important to pay attention to these distinctions and look into what your state and county allow! To help understand this process better, we created an infographic to break down where each state stands with RON today.
Homeowners interested in a RON closing will need the following technology at a minimum:
- Strong and secure internet connection
- well-lit space for the closing to be recorded on audio and video
- Smart mobile device for ID verification and authentication process
Learn more about the history of Remote Online Notarization (RON) by downloading the great handout below: