Quote: Feb. 28, 2023

February 27, 2023

“MBA is pleased the House has once again overwhelmingly passed legislation to create federal minimum standards to allow notaries in all states to perform safe and effective remote online notarization (RON) transactions. The bill’s minimum standards for RON are consistent with both the MBA-ALTA model state RON bill and the Mortgage Industry Standards Maintenance Organization RON standards and will help protect against fraud and make the mortgage closing process more convenient for consumers.”
–MBA President & CEO Robert Broeksmit, CMB.