“Our concern was that with the emergency nature of the pandemic, states were executing orders that weren’t really secure and didn’t meet the minimum standards for RON through either the non-partisan Uniform Law Commission or the ALTA/MBA RON bill. What we were trying to do is give states a recourse, allowing for RIN and RON done in a way that was consistent with GSE guidelines and create legal certainty and increase both the insurability and salability for these loan products.”
–MBA Associate Director of State Government Affairs Kobie Pruitt, on an MBA/trade group-developed draft Remote Online Notarization Executive Order for states to use to enable RON during the coronavirus pandemic.
