Digital Mortgage Resource Center
This page is being developed to provide information on digital mortgage resources.
Remote Online Notarization (RON) Standards
MISMO recently developed and released RON standards to promote consistency across mortgage industry practices and state regulations to allow the use of audio-visual communication devices to notarize documents in a virtual online environment. MISMO RON standards include credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage, and audit trails.
MISMO's RON standards support model legislation developed by the Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA), which multiple U.S. states are now using to enact RON laws in their jurisdictions. The states that have explicit laws permitting the use of Remote Online Notary can be found on the MBA website here.
Legislative & Executive Order Information
Legislation Update: RON legislation has been changing rapidly over the past few weeks. From emergency legislation to Executive Orders, there are an abundance of new states allowing some form of remote notarization.
Below are details pertaining to current state of RON legislation as of May 19th. MISMO would like to thank Margo H. K. Tank, David Whitaker, Liz Caires and Andrew Grant of DLA Piper for creating this content and allowing MISMO to share.
Currently, there are only 24 states that have enacted some form of RON law: Alaska, Arizona, Florida, Idaho, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, Montana, Nebraska, Nevada, North Dakota, Ohio, Oklahoma, South Dakota*, Tennessee, Texas, Utah, Vermont, Virginia, Washington and Wisconsin.
The South Dakota RON law differs substantially from the others in that it enables the use of communication technology only "if the notarial officer: ... affixes the notarial officer's signature to the original tangible document executed by the [principal]" and only if the notary personally knows the principal. The basic components of each state's RON law are to:
- Allows notarial acts to be completed using audio-video communication, including acts where the signer is located outside the state in which the notary is authorized to operate;
- Require that the notary authenticate the person signing; and
- Require recording of the audio-video communication.
In states that have yet to enact RON or otherwise make their RON law effective, emergency short-term measures are being issued. More information on these states can be found below.