MISMO Seeks Public Comment on Updates to Remote Online Notarization Standards
MISMO, the real estate finance industry’s standards organization, is seeking public comment on the updated Remote Online Notarization Standards V2 document. The 60-day public comment period runs through Aug. 27.
The Remote Online Notarization Standards V2 is the result of industry collaboration to update the standards to include essential updates identified during the implementation process.
Key updates to the Remote Online Notarization Standards include requirements changes to:
• Identity Verification
• Title Insurer Requirements
• Remote Online Notarization Provider information
• Audio/Video Recordings and Notarial Records
• Remote Online Notarization events in the Audit Trail
The public comment period allows those who participated in the proposal at least 60-days’ notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO’s 2018 Intellectual Property Rights Policy).
MISMO requests that any organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products to disclose them at this time in writing. All comments and disclosures are due by August 27, 2024, and should be directed to info@mismo.org.
MISMO’s work to solve key business challenges is made possible by its members, champions, sponsors, and lender support through the Innovation Investment Fee. Visit MISMO.org to learn how you can get involved.
