House Approves Remote Notary Bill
The SECURE Act would establish nationwide standards and technical requirements for remote online notarization and allow a notary public commissioned under state law to remotely notarize electronic records and perform notarizations for remotely located individuals.
The bill would also require U.S. courts and states to recognize remote notarizations, including remote notarizations from notary publics commissioned in other states or U.S. territories, that occur in or affect interstate commerce.
Current law requires a signer to physically be in the presence of a notary. This requirement is often impractical, costly or even completely unworkable because of ongoing social distancing constraints in some communities resulting from COVID-19, as well as other barriers including military service or work travel that prevents face-to-face interactions.
Latest from NAHBNow
NAHB members and staff provided a tour of several residential subdivisions in Northern Virginia to an official from the U.S. Small Business Administration’s (SBA) Office of Advocacy. The tour offered an opportunity to show the official how NAHB members comply with construction stormwater requirements and to discuss the federal construction general permit (CGP) for stormwater discharges from active residential land development and construction sites.
We spoke with three Associate members about their best tips on how to network with peers virtually throughout the year, and how to network in-person at key events such as the International Builders’ Show.
Latest Economic News
Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting.
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.