Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=SB5%20INTR.htm&yr=2014&sesstype=RS&i=5
Timestamp: 2018-02-18 09:51:39
Document Index: 116377371

Matched Legal Cases: ['§39', '§39', '§39', '§39', '§39', '§39', '§39', '§7001', '§101', '§7001', '§103', '§7003']

(By Senators Kirkendoll, Cookman, Blair,
Fitzsimmons, D. Hall, Nohe, Wells and McCabe)
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §39A-4-1, §39A-4-2, §39A-4-3, §39A-4-4, §39A-4-5, §39A-4-6 and §39A-4-7, all relating to creating Uniform Real Property Electronic Recording Act; providing short title; defining terms; clarifying validity of electronic documents and electronic signatures; providing for recording of electronic documents; requiring any county clerk implementing provisions of act to comply with established standards; authorizing county clerks to receive, index, store, archive and transmit electronic documents; authorizing county clerks to allow public access, search and retrieval of electronic documents; allowing county clerks to convert paper documents accepted for recording into electronic documents; authorizing county clerks to collect electronically any tax or fee relating to electronic recording of real property documents they are authorized by law to collect; authorizing county clerks to agree with other jurisdictions on procedures or processes necessary for electronic recording of documents; creating Real Property Electronic Recording Standards Council to develop standards necessary to electronically record real property documents; authorizing legislative rule; providing for report and recommendations to Legislature; providing that members of Real Property Electronic Recording Standards Council pay their own expenses; setting forth areas for consideration when adopting or changing standards; providing for uniformity of application and construction of act; and providing act modifies, limits and supersedes certain parts of federal Electronic Signatures in Global and National Commerce Act.
This article modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. §7001, et seq.) but does not modify, limit or supersede §101(c) of that act (15 U.S.C. §7001(c)) or authorize electronic delivery of any of the notices described in §103(b) of that act (15 U.S.C. §7003(b)).
NOTE: The purpose of this bill is to adopt the Uniform Real Property Electronic Recording Act. The bill defines terms and creates Real Property Electronic Recording Standards Advisory Committee consisting of sixteen members. The bill authorizes any requirement of state law describing or requiring that a land record document be an original, on paper, or in writing is satisfied by a document in electronic form. The bill authorizes any requirement that a document contain a signature or acknowledgment is satisfied by an electronic signature or acknowledgment. The bill authorizes the clerk to accept electronic documents for recording and to index and store those documents. The bill does not provide a means of funding the establishment or operation of an electronic recording system. The bill requires the Real Property Electronic Recording Standards Council to develop a legislative rule containing standards for electronic recording to be used by each county. The bill requires that standards are to be developed with a vision toward fostering intra-and interstate harmony and uniformity in the electronic recording process. The bill requires the council to engage in a stakeholder type rule-making process to assure that all of the affected parties have the opportunity to participate in the process. The bill also modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act.