CMLA Legislative Update
June 26, 2020
 
Colorado Governor Signs Remote Online Notary Bill
 
Governor Polis signed Colorado's Remote Online Notary bill (SB20-096) after more than four years of work by the Colorado Mortgage Lenders Association (CMLA) and our coalition of industry partners. This bill includes data privacy protections for remote notarial acts that are more stringent than similar bills passed in other states. This a significant win for the mortgage industry and consumers in Colorado.
 
The bill extends the Governor's emergency remote notary rules until Remote Online Notary (RON) goes into effect on December 31, 2020. Once the Remote Online Notary rules go into effect, this bill will:
  • Require identification of the signer through an audio-video recording
  • Limits the recording to only the act of notarization
  • Requires the Secretary of State to create rules for technology vendors providing RON services
  • Requires the Notary be physically located in the state of Colorado while performing the act
  • Requires that consumers receive notice that they do not have to use RON to execute their documents
  • Prohibits the use or sale of personal information of an individual by the remote notary or remote notarization system except in specific limited circumstances
 
We would like to thank Dieter Raemdonck, CMLA's Lobbyist, and our Legislative and Regulatory Affairs Committee for their hard work making this bill a reality. CMLA will continue to be engaged in the rulemaking process for Remote Online Notary with the Secretary of State.
 
 

 
THANK YOU to CMLA's Members whose dues support our efforts to advocate for the mortgage industry in Colorado.
 

 
Thank you for supporting CMLA and please feel free to reach out to me with any questions.
 
Regards,
 
Wes Phillips
Executive Director
Colorado Mortgage Lenders Association
wes@cmla.com
(303) 773-9568
 
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Colorado Mortgage Lenders Association
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