Wednesday, March 30, 2011

Obama vetoes bill to stop electronic signatures...for now

Interstate Recognition of Notarizations Act of 2009 - Requires state and federal courts to accept documents of many different kinds that are notarized by people or computer in other states.

This is an attempt to slow the process down to ensure people aren't caught up in the eviction process earlier than they could have or without merit.

The Bureau of Consumer Financial Protection has jurisdiction in this decision, but doesn't become effective until summer of 2011 (but dollars to donuts that Elizabeth Warren is coordinating rules and guidelines).

http://www.govtrack.us/congress/bill.xpd?bill=h111-3808

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