Ubiquitous, but essential, notaries are the unsung champions of countless transactions and contracts. Their willingness to assume personal liability for each notarization underscores the importance of compliantly fulfilling their duties. And now there are new rules for electronic, virtual, and remote notarizations. This must-attend session will delve into the details.
- Understand a notary’s basic duties and responsibilities
- Explain the requirements for virtual notarizations
- Distinguish between remote electronic notarization and remote ink notarization
- Define what is allowed for “physical” presence
- Use this training to avoid liability for your notaries and financial institution
Many states have authorized some form of virtual notarizations, and federal legislation has been proposed which would authorize electronic and remote notarizations that affect interstate commerce. It is essential that notaries understand their duties and responsibilities. Individuals assume personal liability when serving as a notary, and their employer (i.e., your financial institution) can also be held liable. This program will teach notaries how to understand and correctly execute their role. In addition, this program will explain the new rules regarding virtual, electronic, and remote notarizations.
Elizabeth Fast, JD & CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the
representation of financial institutions. Elizabeth is the head of the firm’s training division.
She received her law degree from the University of Kansas and her undergraduate degree
from Pittsburg State University. In addition, she has a Master of Business Administration
degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was
General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with
more than 130 branches, where she managed all legal, regulatory, and compliance