February 6, 2023

Volume XIII, Number 37

Error message

  • Warning: Undefined variable $settings in include_once() (line 135 of /var/www/html/docroot/sites/default/settings.php).
  • Warning: Trying to access array offset on value of type null in include_once() (line 135 of /var/www/html/docroot/sites/default/settings.php).
Advertisement

February 03, 2023

Subscribe to Latest Legal News and Analysis
Advertisement

Remote Online Notarization Becomes Law

Governor Evers signed AB 293 today which permits parties in Wisconsin to allow the performance of notarial acts via audio-visual technology [1] for remotely located individuals.  In other words, a notary public in Wisconsin does not need to be in the same room as the person for whom they are performing the notarial act--if the requirements of this new law are met.  This is an important development for brokers, developers, notaries, real estate and finance lawyers, and others who routinely engage in transactions requiring a notary.

The creation of Chapter 140 of the Wisconsin Statutes heralds the arrival of Remote Online Notarization (RON) in Wisconsin.  RON takes advantage of online technological advances to allow individuals to acknowledge documents for real estate closings and other business and legal processes, and should operate in tandem with other electronic real estate closing processes and applications.  For real estate professionals, this eliminates or reduces one of the last remaining hurdles to closing a transaction remotely.  With the potential to notarize documents remotely, the timing of a real estate closing no longer has to be based on the physical location.

The law adopts the structure of the latest uniform law on notarial acts, also known as Revised Uniform Law on Notarial Acts (RULONA), which includes the language to authorize the performance of notarial acts for remotely located individuals by means of audio-visual technology, and incorporates it into Wisconsin law.  The law sets the requirements to become a RON notary and provides for additional privacy and fraud protection in the form of retention rules and identity verification processes.  Current notaries must register with the Department of Financial Institutions (DFI) to become RON notaries.  RON notaries must use DFI registered RON providers of communication technology.  Furthermore, the law provides for the establishment of a Remote Notary Council made up of members of the State Bar, Mortgage Bankers Association and Wisconsin Land Title Association to cooperate with the Wisconsin Department of Financial Institutions to promulgate appropriate rules and keep up with changes in the technology.  In addition to RON, the law also combines Wisconsin notarial laws into one Chapter and addresses some other issues related to the use of a notary in Wisconsin.

[1] RON may not be used for creation and execution of wills, codicils, or testamentary trusts, living trusts (non-business), trust amendments for personal use, powers of attorney (non-business), marital property agreements, powers of attorney for health care, living wills, and authorizations for use and disclosure of health information.  See Wis. Stat. Section 140.145(10).

© 2023 Davis|Kuelthau, s.c. All Rights ReservedNational Law Review, Volume X, Number 63
Advertisement
Advertisement
Advertisement

About this Author

Joseph E. Tierney IV, President Davis & Kuelthau law firm, Milwaukee, Business Law, Real Estate lawyer, acquisition of companies

Joe serves as President of Davis & Kuelthau and formerly chaired the firm’s Corporate and Business Law Team and Real Estate Team. He advises clients on complex sales and acquisitions of companies, real estate transactions and financings, and sophisticated tax planning.

He routinely works with clients in structuring their investment entities and offerings as well as developing or acquiring real estate and business assets. Joe has successfully assisted his clients in developing and financing numerous high profile developments in Wisconsin and across the country. The primary client...

414.225.1471
Lawrence Glusman Real Estate Attorney Davis Kuelthau
Shareholder

Larry’s practice focuses on commercial lending, real estate and business transactions. It also includes creditors’ rights in litigation, foreclosure and various insolvency proceedings. For more than 20 years, Larry has represented Milwaukee Economic Development Corporation (MEDC), a trailblazing non-profit lender which invests in the Milwaukee business community. He has documented and closed hundreds of MEDC loans to a wide array of local businesses, helping them achieve their business goals.

Larry also represents established and start-up businesses with real estate and asset...

414.225.1488
Advertisement
Advertisement
Advertisement