“What is the single greatest factor standing in the way of remote online notarizations?” Even as I asked it, I knew the answer.
“I can answer that in one word, and then I’ll explain.”
Regulations. He’s going to say state regulations. I knew what the answer was, I just wanted to hear him say it. I was wrong.
As it turns out, state regulations, while a major factor, are not the greatest holdup to universal acceptance of RON. In fact, over the past year COVID-19 has spurred many states to rush through emergency bills allowing for the use of RON.
No, the greatest holdup actually lies in the hands of lenders: eNotes.