PROVIDENCE – A bill that will allow cities and towns to accept electronically recorded documents in real property and land records is expected to be introduced in the current legislative session, according to sponsor Deborah Ruggiero, D-Jamestown, who leads the House Small Business Committee.
Rhode Island is among four states that do not allow acceptance of records in electronic form, she said. The bill, if passed into law, would modernize and streamline real estate recording transactions and could result in lowered costs.
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In 1999, the U.S. government approved an act that allows people to sign contracts and promissory notes with an electronic signature.
The proposed Rhode Island law, called the Uniform Real Property Electronic Recording Act, would not mandate the changes, she said, but would allow cities and towns to adopt electronic recording of transactions.
Mary MacDonald is a staff writer for the PBN. Contact her at macdonald@pbn.com.
