Closing Agents

1
Closing Agents eRecording

• Betty Sagatelian, ALTA Technology Committee
• Carolyn Marcial, AEA Technology Committee
• Skip Straus, eCloz, LLC
• Darren Ross, Stewart Information Systems
• PRIA Winter Conference Washington, DC
• March 1, 2007

2
URPERA

• Background
• Model act from NCCUSL
• Designed to clarify UETA provisions
• Currently adopted in 8 states and the District of
  Columbia

3
URPERA

• UETA sections 17, 18 19
• Omitted by some states
• SECTION 17. CREATION AND RETENTION OF ELECTRONIC
  RECORDS AND CONVERSION OF WRITTEN RECORDS BY
  GOVERNMENTAL AGENCIES
• SECTION 18. ACCEPTANCE AND DISTRIBUTION OF
  ELECTRONIC RECORDS BY GOVERNMENTAL AGENCIES
• SECTION 19. INTEROPERABILITY

4
URPERA

• eRecording Council vs. State Agency
• 6 Councils (AZ, DE, ID, KS, NC, WI)
• 2 State Agencies (VA, TX)

5
URPERA

• Originality Argument
• eSignatures vs. Scanned signatures
• Section 17 authorizes state agenciesto convert
  written records and manual signatures to
  electronic records and electronic signatures It
  also authorizes the destruction of written
  records after conversion to electronic form.
• From UETA with Prefatory Note Comments

6
Closing Agents eRecording

• Betty Sagatelian
• (bsagatelian_at_realtytitle.net)
• Carolyn Marcial
• (cmarcial_at_firstam.com)
• Skip Straus
• (sstraus_at_ecloz.com)
• Darren Ross
• (dross_at_stewart.com)