Governor Bob McDonnell Signs Groundbreaking Bill Into Law, Making Virginia the First State to Explicitly Allow Webcam Notarizations
Richmond, VA (Vocus/PRWEB) March 31, 2011
With a single physical signature, Virginia Governor Bob McDonnell has signed a landmark bill into law, making the Commonwealth of Virginia the first state in the Union to explicitly allow notarizations to be conducted online over a webcam.
Bill HB 2318 – now the law of the state – was created as a way to counteract notary fraud such as that most recently seen in the “robo-signing” frauds conducted during the foreclosure crisis.
Virginia’s law outlines a model for notarization that vastly increases the security of notarial transactions. Webcam-based notarization can reduce vulnerability to fraud while also being more convenient, particularly for disabled consumers. NotaryNow, the online notary service, intends to utilize the law in its own service offering.
“We applaud Governor McDonnell for signing this bold new proposal into law,” said Chris Hawkins, CEO of SignNowTM, Inc., which offers NotaryNow. “Enabling webcam-based notarization is critical in today’s world of electronic communications and document creation. Virginia is now the leader in making this leap possible and we hope that other states will rapidly seek similar bills to enable their residents to have equal convenience and security in their notarizations as those in Virginia.”
View the text and history of the new legislation here: http://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB827.
NotaryNow is a product offering of SignNow, Inc., an Angel-funded startup seeking to bring the millennia-old practice of using hardcopy signatures into the digital age through user-friendly, consumer-oriented Web applications. Designed to meet or exceed the security provided by long-standing handwritten practices, NotaryNow offers a simple, effective way to notarize documents online. Learn more at NotaryNow.com.
NotaryNow is a trademark of SignNow, Inc. All other trademarks and registered trademarks previously cited are the property of their respective owners and are hereby acknowledged.
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This post was taken from : benzinga