|No lender will have instruments ready by July 1st. They don't even know about it. Borrowers certainly won't know to have someone unrelated to them available for the signing. |
No notification from the Indiana Department of Insurance or the Secretary of State regarding this change or how to implement it. No notifications from any of the title companies I work with except Meridian Title on Friday.
I wrote to my state senator to explain how the addition of a witness not related to or involved in the signing adds a lot of additional complexity and liability.
Hopefully, it's a clerical error that can be addressed and no penalties will result from noncompliance but we can't take that chance. Meridian has stated a witness certificate must be attached to recordable docs beginning July 1st. But what kind of certificate and what is acceptable? We're not attorneys.