WASHINGTON (February 27, 2023) – National Association of REALTORS® President Kenny Parcell issued the following statement in response to the U.S. House of Representatives passing the SECURE Notarization Act of 2023 (H.R. 1059):
“NAR has strongly supported remote online notarization since 2018 and commends members of the House for passing the SECURE Notarization Act of 2023. Should the legislation become law, Americans will benefit greatly from this long-awaited technological advancement by allowing immediate, nationwide use of remote online notarization technology. The reliability and validity of notarized public records is central to the real estate market and provides a foundation for all parties when mortgaging, purchasing, and selling real property. NAR applauds the House for its efforts to promote more accessible, efficient, and secure real estate transactions, and we will continue to advocate for the bill’s passage in the Senate.”
NAR has supported the previous iterations of the SECURE Notarization Act and has worked to amass support for online notarizations on both the state and federal levels. NAR urges federal agencies to facilitate the adoption of remote notary across the mortgage ecosystem for the acceptance of electronic signatures and records in all federally-guaranteed and federally-supported mortgage markets.
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.
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