Starting July 1, 2020, SEA 340 will go into place requiring a witness be present to witness the signing of recorded documents at the real estate closing. Here is a copy of the new law
CLICK HERE FOR A COPY OF SEA No. 340
Members of professional associations around Indiana that are stake holders in the closing process indicate the law seems to have come into place by mere accident. The Indiana Notary Association, Indiana Land Title Association, National Notary Association did not lobbied for this change according to sources in each organization.
CLICK HERE TO DOWNLOAD WITNESS CERTIFICATE
Apparently the word “OR” was accidently marked out and the word “AND” was put in its place in the new law according to sources.
NOTE: Current law requires only that you have either a notarized acknowledgment of the grantor’s signature OR a notarized proof signed by a disinterested third party.
Several professional associations are currently seeking ways to properly repeal this part of the law with either potentially enjoining the enactment or even getting an injunction.
So, just who is responsible to supply the witness?
As the Notary Signing Agent it is recommended that you ask the hiring party to provide a witness. The witness would be someone who must:
– Be 18+ years of age with a valid ID
– Not have an “economic interest” in the transaction
– Not be a close relative of any of the parties in the transaction (it is our understanding that it can be a relative of the notary in the transaction as long as the person meets the previous two criteria but check with your attorney for confirmation)
There has been some discussion on compensation of the witness if the Notary Signing Agent is supplying this portion of the transaction. Signing companies, as a way of keeping their cost down, have been contacting Notary Signing Agents in their network stating that witnesses are not be compensated for their services. After reviewing the statues and the Indiana Notary Guide some agents have found evidence that this is not completely accurate.
Keeping in mind that several professional mobile Notary Signing Agents drive all across Indiana during the day conducting real estate closings it doesn’t seem to be reasonable to not compensate a witness offering this service. It is, however, recommended that each Notary Signing Agent contact their attorney for options when supplying a witness for a transaction.
For more information on Notary Supplies and Professional Notary Online Courses go to lewistraining.online.
I am commenting to let you know what a terrific discovery my girl encountered reading yuor web blog. She learned such a lot of issues, which include how it is like to possess a marvelous coaching mood to let other folks smoothly comprehend specified grueling things. You truly did more than my expectations. Many thanks for giving those valuable, healthy, edifying and easy tips about that topic to Jane. Fara Carny Dody
here are some links to internet sites that we link to mainly because we feel they may be really worth visiting Bili Richart Barbie
You have made some decent points there. I checked on the internet to find out more about the issue and found most individuals will go along with your views on this website. Brook Norry Kosiur
This post is in fact a good one it assists new the web users, who are wishing for blogging. Ree Panchito Pardoes
Great blog right here! Also your website quite a bit up fast! What web host are you using? Can I get your affiliate link on your host? I desire my site loaded up as fast as yours lol Evelina Raimund Kallista
You can certainly see your skills within the work you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. At all times go after your heart. Janith Rodrique Hercule
Major thankies for the blog article. Really looking forward to read more. Fantastic. Libbey ErvIn Camm
Nice post. I learn something new and challenging on websites I stumbleupon every day. It will always be interesting to read content from other authors and practice a little something from other websites. Binni Thorndike Fryd
Just wish to say your article is astonishing. The
the clearness in your post is just excellent and I could
assume you are an expert on this subject.
Fine with your permission let me grab your feed to keep updated with the forthcoming post.
Thanks a million and please carry on the gratifying work.
You actually make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand.
It seems too complicated and very broad for me. I’m looking forward for your next post, I will try to get the hang of
it!
I think this is one of the most important information for me.
And i am glad reading your article. But should remark on some general things,
The site style is perfect, the articles is really nice :
D. Good job, cheers
I’ve been surfing on-line more than 3 hours as of late, but I by no means found any fascinating article like
yours. It is beautiful worth enough for me. In my view, if all website owners and bloggers made good
content material as you did, the internet shall be a lot more helpful than ever before.
I read this paragraph completely regarding the comparison of most up-to-date and previous technologies, it’s awesome article.
I have been exploring for a bit for any high-quality articles or
blog posts in this kind of space . Exploring in Yahoo I eventually stumbled upon this site.
Reading this info So i’m glad to show that I’ve a very excellent
uncanny feeling I came upon just what I needed. I such a lot no
doubt will make certain to do not forget this web site and
provides it a glance on a continuing basis.
I like what you guys are usually up too. Such clever
work and exposure! Keep up the terrific works guys I’ve included you guys to
blogroll.
Your style is unique compared to other people I have read stuff from.
Many thanks for posting when you’ve got the opportunity, Guess I will just bookmark this blog.
Whats up very cool web site!! Man .. Beautiful .. Superb ..
I’ll bookmark your web site and take the feeds additionally?
I am glad to search out numerous helpful information right here within the put up, we need work
out extra strategies in this regard, thank you for sharing.
. . . . .
We are a group of volunteers and opening a brand new scheme in our community.
Your web site offered us with helpful info to work
on. You have done an impressive task and our entire community shall be grateful to
you.
Wow! Finally I got a weblog from where I can actually obtain valuable information regarding
my study and knowledge.
I’m really enjoying the design and layout of your website.
It’s a very easy on the eyes which makes it much more enjoyable
for me to come here and visit more often. Did you hire out a designer to create your
theme? Exceptional work!
Pretty! This was an incredibly wonderful article.
Thank you for providing this information.