MISMO Approves New Online Notarization Standards
MISMO®, the mortgage industry's standards organization, today announced the release of its Remote Online Notarization (RON) standards, which include an update to the draft standards issued earlier this year. The RON standards allow the use of audio-visual communication devices to notarize documents in a virtual online environment. MISMO's RON standards were updated to include language to preclude the storage of personally identifiable information. With this revision, the RON standards are being released for a public comment period beginning today and ending on August 12th, 2019. If no substantive comments are received during this comment period, the standards will be moved to Candidate Recommendation status. Candidate Recommendation status means the RON standards have been thoroughly reviewed by a wide range of organizations and industry participants, and are ready for broad use...read more here.