New York S00398 mandates notaries to maintain journals for residential real property conveyances and perform a specific colloquy to ensure the.
New York S00398 amends the executive law to specify additional duties for notaries public when dealing with instruments that convey residential real property. Notaries must maintain a journal for each notarization, which includes details such as the location, date, and type of instrument, and is subject to inspection by the secretary of state. The journal must be kept for the duration of the notary's tenure plus an additional five years. Additionally, notaries must conduct a colloquy with the principal to confirm understanding and voluntary signing of the conveyance document.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.