I wonder about how far this reorter actually went with his research.
"So far, he said, NotaryCam has done legally binding transactions in all 50 states and in 64 countries."
That's a bit of a stretch, because remote notary transaction are not yet legal in 49 states - and in the one state where they ARE legal, it's a very controlled process. Rather than make it sound like the wave of the future, he could have addressed what the problems are. He kind of glossed over the fact that there is no way for a remote notary to verify the ID as required by state law, or whether the signer was under duress.
He also missed the fact that in most (if not all) states, a notarization doesn't "legally bind" anything - it just confirms that the parties are who they say they are, and that is very difficult to do remotely. |
