VA Senate Bill 992

Legislation

State: Virginia
Signed: March 26, 2005

Effective: July 01, 2005
Chapter: 744

Summary

Virginia becomes the second state to enact the Uniform Real Property Electronic Recording Act (URPERA).

Affects

Amends and reenacts Code of Virginia Section 55-108; adds an article numbered 4.1 to Chapter 2 of Title 17.1 COV; and an article numbered 7 to Chapter 6 of Title 55 COV

Changes

Authorizes the establishment of an electronic filing and recording system for land records, instruments, judgments, and UCC financing statements.
Specifies that any statutory requirement for an original signature or notarization is satisfied by the electronic signature of the party or Notary.
Enacts the Uniform Real Property Electronic Recording Act (URPERA) promulgated by the National Conference of Commissioners on Uniform State Laws in substantial part with a few minor changes.
As pertains to electronic notarizations performed on real property documents, the Act clarifies that “a physical or electronic image of a stamp, impression, or seal is not required to accompany an electronic signature.”

Analysis

Virginia becomes the second state to enact the Uniform Real Property Electronic Recording Act (URPERA). Virginia is known as a technology-progressive state. The Act tasks the Virginia Information Technologies Agency with developing standards to implement the Act. The URPERA, which takes effect July 1, 2005, must be reenacted by the 2006 General Assembly.

Read the bill text.