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<p>I started a bit of discussion in a different group about remote
notaries. Stewart is reportedly not even waiting for the new laws
to kick into effect.</p>
<p>Personally I don't care if banks want to accept that--it would
make the process easier and if it didn't work they should
seemingly be able to rely on their title insurer (e.g. Stewart) to
pay off the amount of the loan. Outside of bankruptcy I'm not
seeing how that would impact the debtor, and there the impact
might be positive if it allowed funds to go to a non-dischargeable
debt. The downside might be a trustee selling a property when
they wouldn't otherwise be able to do so. But at least on the
buyer's side the buyer should be able to control things.</p>
<p>My concern is more about the conveyance deed. Title insurance
might not be able to fully compensate the buyer, and the choice to
use a remote notary would be entirely the seller's! I'm toying
with the idea of adding a clause on my buyer contracts prohibiting
the practice, but in this market even something like that could
lead to another buyer winning out. My best hope is that the
statewide forms drafters will react.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
John L. Scott/KMS Renton
206 723-2148</pre>
<div class="moz-cite-prefix">On 2/13/2018 1:55 PM, Nicholas
Pleasants wrote:<br>
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<p class="MsoNormal">Hello Real Property Listserv,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">As I am sure most of you are aware, the new
rules for notaries are going into effect on July 1, 2018.
There was a helpful summary of the main changes in our
section’s newsletter, Summer 2017 edition, page 19.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I am planning to attend the rulemaking
meeting this Thursday to get more clarity about the electronic
notary process (e.g. I have clients overseas that would love
to do an electronic notary, but this seems to conflict with
the restriction that my notary license only works inside
Washington state). If anyone has specific questions about the
implementation of new RCW 42.45 and WAC 308-30, I would be
happy to take those to the DOL and report back. I’ve attached
the agenda for reference. And if some of you will also be
attending, I will look forward to seeing you there.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Best,<o:p></o:p></p>
<p class="MsoNormal">Nick Pleasants<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="color:#4472C4">Nicholas
Pleasants<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="color:black">James Pleasants,
P.C.<br>
2300 130th Ave NE, Suite A-101<br>
Bellevue, WA 98005-1755<br>
(425) 615-7070 tel.<br>
(425) 497-0799 fax<br>
<a href="mailto:nick@pleasantslaw.com"
moz-do-not-send="true"><span style="color:blue">nick@pleasantslaw.com</span></a></span><span
style="color:black"><o:p></o:p></span></p>
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