1. MBA's Legal Issues in Mortgage Technology Conference November 30 – December 2, 2005 Electronic Recording and Electronic Notarization: Legal Issues and Current Developments Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

2. Introduction A.Electronic Recording (ER) means different things to different people B.To accomplish full digital ER, those interests must be dealt with C.ER has the potential to respond satisfactorily to all interested parties Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

3. Introduction A.Electronic Recording (ER) means different things to different people B.To accomplish full digital ER, those interests must be dealt with C.ER has the potential to respond satisfactorily to all interested parties Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

4. Background A.Government to government digital ER B.San Bernardino/Orange Counties pilot ER C.Important comment on the evolution of digital ER Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

5. Background A.Government to government digital ER B.San Bernardino/Orange Counties pilot ER C.Important comment on the evolution of digital ER Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

6. Current Legislative and Regulatory Issues in California A.AB 578: California’s current law on ER B.URPERA – too much, too late? (for now C.Bad Timing: the problem with uniformity D.AB 578: implementation proceeds at present time Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

7. Current Legislative and Regulatory Issues in California A.AB 578: California’s current law on ER B.URPERA – too much, too late? (for now C.Bad Timing: the problem with uniformity D.AB 578: implementation proceeds at present time Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

8. Current Legislative and Regulatory Issues in California A.AB 578: California’s current law on ER B.URPERA – too much, too late? (for now C.Bad Timing: the problem with uniformity D.AB 578: implementation proceeds at present time Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

9. Challenge of ER: More dangerous or safer? A.Background: law enforcement fears ER B.Importance of the notary public in real estate fraud C.Importance of Electronic Notarization (EN) to ER D.An updated suggestion to make ER safer than recording paper documents Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

10. Challenge of ER: More dangerous or safer? A.Background: law enforcement fears ER B.Importance of the notary public in real estate fraud C.Importance of Electronic Notarization (EN) to ER D.An updated suggestion to make ER safer than recording paper documents Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

11. Challenge of ER: More dangerous or safer? A.Background: law enforcement fears ER B.Importance of the notary public in real estate fraud C.Importance of Electronic Notarization (EN) to ER D.An updated suggestion to make ER safer than recording paper documents Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

12. Challenge of ER: More dangerous or safer? A.Background: law enforcement fears ER B.Importance of the notary public in real estate fraud C.Importance of Electronic Notarization (EN) to ER D.An updated suggestion to make ER safer than recording paper documents Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

13. Challenge of ER: More dangerous or safer? A.Background: law enforcement fears ER B.Importance of the notary public in real estate fraud C.Importance of Electronic Notarization (EN) to ER D.An updated suggestion to make ER safer than recording paper documents Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

14. Challenge of ER: More dangerous or safer? A.Background: law enforcement fears ER B.Importance of the notary public in real estate fraud C.Importance of Electronic Notarization (EN) to ER D.An updated suggestion to make ER safer than recording paper documents Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California

15. Conclusion A.Legislative/administrative focus in California is on digitized recording B.Private sector is moving forward toward full digital recording C.A well-designed EN process can be the foundation for ultimate ER Presentation by Larry Walker Auditor/Controller-Recorder County of San Bernardino, California