Wednesday, May 12, 2004

We continue to look closely at the procedures that will be used with electronic recording. The portion of the proposed system that operates within the registry seems to work very well, allowing data, images and financial information to flow directly into our database along with documents recorded in the traditional way. This system will eliminate about 90% of the work done at the registry on each document recorded electronically. Besides these operational concerns, we must scrutinize the legal implications. We're confident that the Uniform Electronic Transaction Act allows electronic recording, but there will still be many questions. If anyone has any questions or concerns about legal issues related to electronic recording, please send them to me by email so we can begin addressing them now.

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