Sunday, February 5, 2023

* Update * New NY Notary Law

 Good Morning,


The State of New York has recently implemented new rules for notaries, requiring the maintenance of a notary log. Our partner, Independent Server, has an efficient solution for this requirement. For just $19.99 a month, your LDMax can be integrated with the program to seamlessly upload your notary logs.


You may still be able to meet the state's compliance requirements with LDMax alone if and only if:


1) All of your notary services are for jobs that are in LD. In the case that you perform notary services for other clients, these events won't be recorded in your LD program, and therefore, the exported log wouldn't be compliant. In this scenario, you would be better served by signing up with Independent Server, as it allows manual entry of events and integration with other programs, such as LD.


2) The State of New York does not mandate the use of an independent third party for the notary log. While this may change in the future, as NYS already requires third-party credential verification for remote notaries, it is likely that the state will eventually require third-party log management.


To maintain a notary log in LD, you'll need to create "Notary Events." For those who primarily notarize affidavits, it'll be straightforward to print a report of all notarized affidavits and convert them into Notary Events for the log. However, for those who notarize more than just affidavits, such as dynaforms or other foreclosure documents, you'll be able to add Notary Events at the time of printing or in batches. We are currently working on the best solution for this scenario and will keep you updated.

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