Risk Alert: Remote Online Notarization Grows
Remote notarization has gained popularity for notary services since remote notarization can be completed electronically, usually without the need for in-person interactions. Some organizations favor remote online notarization pointing to its potential convenience, flexibility, and cost-efficiency. Credit unions considering the service should develop an understanding of their state’s requirements since only forty-one (41) states currently allow Remote Online Notarization (RON) in some capacity ranging from full, limited, or temporary permissions.
Since remote service inherently introduces the potential for fraud, credit unions should also be prepared to exercise adequate due diligence to authenticate members requesting the service.
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