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Texas' first all-digital real estate deal closesTexas' first all-digital real estate deal closeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205502018-07-06T05:00:00Z2018-07-06T14:00:00Z

​​​DALLAS – A 2017 Texas online notarization law went into effect July 1, prompting​​​​​ the closure of the state's first all-digital real estate transaction. ​

The deal was between Houston-based Stewart Information Services and Georgetown-based Georgetown Mortgage LLC. 

The law permits notaries to approve documents over a two-way video conference. ​​Clients must display their government ID and sign their names on the screen before the notary digitally signs and stamps. A recording of the video conference is uploaded to the cloud.

Security for the process is tighter in Texas than in other states. The notary either needs to know the client personally or verify the ID through third-party software. ​​​

Real Estate Center Research Attorney Rusty Adams wrote about the law in the April 201​8 issue of Tierra Grande magazine. ​​

Dallas Morning News
Texas
Center News
https://www.dallasnews.com/business/real-estate/2018/07/03/online-closure-home-sales-yes-possible-texas-nowRead more at {Source}

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