The New York State Assembly is holding a public hearing to examine the impact of electronic and remote notarization in New York state at 10 a.m. on Friday. The hearing will be live-streamed on the New York State Assembly website.
New York state’s electronic remote notarization bill (SO1780) (AOO399), which passed the Senate on March 24, 2021 and is currently under consideration in the Assembly’s Governmental Operations Committee, would provide for electronic notarization and authorize the use of video and audio conference technology in identifying individuals for electronic notarization. The New York Credit Union Association strongly supports the legislation.
Credit unions across the state have been utilizing remote electronic notarization services as a result of a March 2020 executive order and subsequent extensions that temporarily authorized this technology. Lisa Morris, AVP of public relations and corporate communications at Hudson Valley Credit Union, is one credit union representative who is expected to testify on the benefits of electronic remote notarization for credit unions and their members.
The Association, which has previously called executive orders authorizing the continued temporary use of remote notarization “a good first step,” urges passing of legislation to create a permanent system of remote electronic notarization as part of a broader effort to implement a fully digital mortgage lending process.
According to the Association’s 2021 legislative priorities, the pandemic “has demonstrated why remote notarization is essential. The technology provides a safe way of conducting a wide variety of essential legal services ranging from closing on a house to notarizing a will.”
More information about the public hearing and how to submit testimony can be accessed here.