Notarization is a process that helps deter fraud. It's a required step on many official contracts, from mortgage agreements to documents filed during official court proceedings. Notarization aims to verify the identities of the people signing and ensures that individuals do so of their own free will.
Traditionally, you'd take paper documents to a notary, allowing the official to witness the event and perform proper verification. But what if the contract is electronic?
Many companies are going paperless to take advantage of security features. Electronic notarization New York services facilitate that process.
How It Works
During an electric notarization, parties signing the document must be present.
Contrary to popular belief, electronic notarization is different from remote notarization. Remote notarial work is more complex, and state rules can vary.
Electronic notarization is similar to traditional notarization. The difference is that official notaries work through secure platforms. These platforms handle the paperwork electronically and transmit data safely.
States have unique rules and regulations regarding electric notarization. For example, electronic notarization New York service requires additional training. Notaries must go through extra steps to work with secure platforms. Becoming an electric notary is more difficult, but it's more widespread than ever as more contracts move to a digital space.
How to Work with an Electric Notary
If you have documents to sign, the first step is to find a qualified notary. When the contracts are digital, you must look for notaries who perform electronic notarization. Remember: This is different from remote, live-streamed notarization.
Typically, you can find qualified notaries at law firms and other business institutions.
The fees can vary. It tends to be more expensive than traditional paper notarization because officials have to go through extra hoops to provide the service. But even still, it's a modest fee. In New York, the average is around $25.
After finding a notary, you must schedule an appointment. All parties signing must be there to electronically sign in person. You must also provide proper identification and any other information the notary may need to perform their service.
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Mark writes often about estate planning. His articles may include topics like real estate closing attorney and business succession laws to help the people in needs. You can find his thoughts at real estate law blog.