E-real estate records.
Position | TRENDS AND TRANSITIONS - Brief article |
[ILLUSTRATION OMITTED]
County clerks and recorders in six states can now accept and store real property records, including mortgages, in electronic form. Arizona, Delaware, Kansas, North Carolina, Texas, Virginia and the District of Columbia have enacted the Uniform Real Property Electronic Recording Act recommended by the National Conference of Commissioners on Uniform State Laws (NCCUSL).
The law is necessary because most states now require recorded real estate documents to he submitted on paper or to be in writing. The new act puts electronic documents on equal legal footing with written documents and establishes a system of standards for recording officials to accept, store, report and exchange real estate instruments in electronic form.
Sellers, buyers and lenders have been able to do other business electronically in most states for some time now. And digital signatures are legal on land sales...
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