Edward W. Somers quoted in American Banker article, “Remote notarization is becoming a must-have offering”
American BankerEdward W. Somers
The American Banker article, “Remote notarization is becoming a must-have offering,” discussed remote online notarization (RON) and its transition from a matter of health and safety during the height of the Covid pandemic to one of convenience and efficiency. Somers explained that Covid helped push RON forward, but a patchwork of state laws threatens further acceptance: “It gets sticky in those jurisdictions where relief isn’t permanent, or the law is silent, or the government has taken a position that suggests they don’t want RON utilized in their state. Financial institutions need to carefully assess their own — or their vendor’s — compliance before they put RON into place.”
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