| 1 | 1 | | SECONDREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.2604 |
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| 3 | 3 | | 102NDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEREEDY. |
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| 5 | 5 | | 5428H.01I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Toamendchapter59,RSMo,byaddingtheretofivenewsectionsrelatingtotheuniformreal |
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| 8 | 8 | | propertyelectronicrecordingact. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Chapter59,RSMo,isamendedbyaddingtheretofivenewsections,tobe |
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| 11 | 11 | | 2knownassections59.900,59.903,59.906,59.909,and59.912,toreadasfollows: |
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| 12 | 12 | | 59.900.1.Sections59.900to59.912shallbeknownandmaybecitedasthe |
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| 13 | 13 | | 2"UniformRealPropertyElectronicRecordingAct". |
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| 14 | 14 | | 3 2.Asusedinsections59.900to59.912,thefollowingtermsmean: |
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| 15 | 15 | | 4 (1)"Document",informationthatis: |
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| 16 | 16 | | 5 (a)Inscribedonatangiblemediumorthatisstoredinanelectronicorother |
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| 17 | 17 | | 6mediumandisretrievableinperceivableform;and |
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| 18 | 18 | | 7 (b)Eligibletoberecordedinthelandrecordsmaintainedbytherecorder; |
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| 19 | 19 | | 8 (2)"Electronic",relatingtotechnologyhavingelectrical,digital,magnetic, |
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| 20 | 20 | | 9wireless,optical,electromagnetic,orsimilarproperties; |
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| 21 | 21 | | 10 (3)"Electronicdocument",adocumentthatisreceivedbytherecorderinan |
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| 22 | 22 | | 11electronicformat; |
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| 23 | 23 | | 12 (4)"Electronicsignature",anelectronicsound,symbol,orprocessattachedto |
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| 24 | 24 | | 13orlogicallyassociatedwithadocumentandexecutedoradoptedbyapersonwiththe |
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| 25 | 25 | | 14intenttosignthedocument; |
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| 26 | 26 | | 15 (5)"Person",anindividual,corporation,businesstrust,estate,trust, |
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| 27 | 27 | | 16partnership,limitedliabilitycompany,association,jointventure,publiccorporation, |
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| 28 | 28 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 29 | 29 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 17government,orgovernmentalsubdivision,agency,orinstrumentality,oranyotherlegal |
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| 30 | 30 | | 18orcommercialentity; |
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| 31 | 31 | | 19 (6)"Recorder",theseparaterecorderofdeedsinthosecountieswhereseparate |
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| 32 | 32 | | 20fromthecircuitclerk,andthecircuitclerkandexofficiorecorderofdeedsinthose |
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| 33 | 33 | | 21countieswheretheofficesarecombined; |
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| 34 | 34 | | 22 (7)"State",astateoftheUnitedStates,theDistrictofColumbia,PuertoRico, |
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| 35 | 35 | | 23theUnitedStatesVirginIslands,oranyterritoryorinsularpossessionsubjecttothe |
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| 36 | 36 | | 24jurisdictionoftheUnitedStates. |
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| 37 | 37 | | 59.903.1.Ifalawrequires,asaconditionforrecording,thatadocumentbean |
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| 38 | 38 | | 2original,beonpaperoranothertangiblemedium,orbeinwriting,therequirementis |
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| 39 | 39 | | 3satisfiedbyanelectronicdocumentmeetingtherequirementsofsections59.900to |
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| 40 | 40 | | 459.912. |
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| 41 | 41 | | 5 2.Ifalawrequires,asaconditionforrecording,thatadocumentbesigned,the |
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| 42 | 42 | | 6requirementissatisfiedbyanelectronicsignature. |
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| 43 | 43 | | 7 3.Arequirementthatadocumentorasignatureassociatedwithadocumentbe |
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| 44 | 44 | | 8notarized,acknowledged,verified,witnessed,ormadeunderoathoraffirmationis |
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| 45 | 45 | | 9satisfiedif: |
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| 46 | 46 | | 10 (1)Theelectronicsignatureofthepersonauthorizedtoperformthatact,andall |
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| 47 | 47 | | 11otherinformationrequiredtobeincluded,isattachedtoorlogicallyassociatedwiththe |
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| 48 | 48 | | 12documentorsignature;and |
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| 49 | 49 | | 13 (2)Fornotarizeddocuments,therequirementsofsections486.900to486.1010 |
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| 50 | 50 | | 14andsections486.1100to486.1205aremet. |
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| 51 | 51 | | 15 4.Aphysicalorelectronicimageofastamp,impression,orsealisnotrequired |
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| 52 | 52 | | 16toaccompanyanelectronicsignature. |
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| 53 | 53 | | 59.906.1.Asusedinthissection,theterm"paperdocument"meansa |
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| 54 | 54 | | 2documentthatisreceivedbytherecorderinaformthatisnotelectronic. |
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| 55 | 55 | | 3 2.Arecorder: |
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| 56 | 56 | | 4 (1)Whoimplementsanyofthefunctionslistedinthissectionshalldosoin |
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| 57 | 57 | | 5compliancewithstandardsestablishedbytheelectronicrecordingcommissioncreated |
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| 58 | 58 | | 6undersection59.909; |
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| 59 | 59 | | 7 (2)Mayreceive,index,store,archive,andtransmitelectronicdocuments; |
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| 60 | 60 | | 8 (3)Mayprovideforaccessto,andforsearchandretrievalof,documentsand |
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| 61 | 61 | | 9informationbyelectronicmeans; |
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| 62 | 62 | | 10 (4)Whoacceptselectronicdocumentsforrecordingshallcontinuetoaccept |
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| 63 | 63 | | 11paperdocumentsasauthorizedbystatelawandshallplaceentriesforbothkindsof |
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| 64 | 64 | | 12documentsinthesameindex; |
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| 65 | 65 | | 13 (5)Mayconvertpaperdocumentsacceptedforrecordingintoelectronicform; |
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| 66 | 66 | | HB2604 2 14 (6)Mayconvertintoelectronicforminformationrecordedbeforetherecorder |
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| 67 | 67 | | 15begantorecordelectronicdocuments; |
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| 68 | 68 | | 16 (7)Mayacceptelectronicallyanyfeeortaxthattherecorderisauthorizedto |
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| 69 | 69 | | 17collect;and |
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| 70 | 70 | | 18 (8)Mayagreewithotherofficialsofastateorapoliticalsubdivisionthereof,or |
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| 71 | 71 | | 19oftheUnitedStates,onproceduresorprocessestofacilitatetheelectronicsatisfactionof |
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| 72 | 72 | | 20priorapprovalsandconditionsprecedenttorecordingandtheelectronicpaymentof |
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| 73 | 73 | | 21feesandtaxes. |
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| 74 | 74 | | 59.909.1.An"ElectronicRecordingCommission",consistingofninemembers |
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| 75 | 75 | | 2appointedbythegovernorwiththeadviceandconsentofthesenate,isherebycreated |
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| 76 | 76 | | 3toadoptstandardstoimplementtheprovisionsofsections59.900to59.912.The |
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| 77 | 77 | | 4commissionshallnotimposestandardsthatwouldcompelcountiescurrentlyusing |
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| 78 | 78 | | 5secureelectronicrecordingpracticesfromabandoninganysubstantiveinvestmentin |
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| 79 | 79 | | 6technologyusedinsuchelectronicrecording.Amajorityofthemembersofthe |
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| 80 | 80 | | 7commissionshallberecorders.Thecommissionshallconsistofthefollowing: |
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| 81 | 81 | | 8 (1)Arecorderelectedtoserveacountyofthefirstclassificationselectedfroma |
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| 82 | 82 | | 9listoftwonomineessubmittedbytheRecorders'AssociationofMissouri; |
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| 83 | 83 | | 10 (2)Arecorderelectedtoserveacountyofthesecondclassificationselectedfrom |
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| 84 | 84 | | 11alistoftwonomineessubmittedbytheRecorders'AssociationofMissouri; |
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| 85 | 85 | | 12 (3)Arecorderelectedtoserveacountyofthethirdclassificationselectedfroma |
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| 86 | 86 | | 13listoftwonomineessubmittedbytheRecorders'AssociationofMissouri; |
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| 87 | 87 | | 14 (4)Tworecorderselectedtoservecountiesregardlessofclassificationselected |
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| 88 | 88 | | 15fromalistoffournomineessubmittedbytheRecorders'AssociationofMissouri; |
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| 89 | 89 | | 16 (5)AmemberoftheMissouriBarselectedfromalistoftwonomineessubmitted |
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| 90 | 90 | | 17bytheMissouriBar; |
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| 91 | 91 | | 18 (6)Apersonrepresentingacompanyauthorizedtoissuetitleinsuranceinthe |
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| 92 | 92 | | 19stateofMissouriselectedfromalistoftwonomineessubmittedbytheMissouriLand |
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| 93 | 93 | | 20TitleAssociation; |
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| 94 | 94 | | 21 (7)Apersonrepresentingtheinterestsofthebankingindustryselectedfroma |
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| 95 | 95 | | 22listoftwonomineessubmittedbytheMissouriBankersAssociation;and |
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| 96 | 96 | | 23 (8)ArealtorselectedfromalistoftwonomineessubmittedbyMissouri |
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| 97 | 97 | | 24Realtors. |
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| 98 | 98 | | 25 2.ThenomineessubmittedbytheRecorders'AssociationofMissourishallbe |
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| 99 | 99 | | 26chosenbasedupontheirexperienceasrecordersofdeedsandknowledgeoftechnology |
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| 100 | 100 | | 27andproceduresrelatedtosections59.900to59.912. |
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| 101 | 101 | | 28 3.Tokeepthestandardsandpracticesofrecordersinthisstateinharmonywith |
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| 102 | 102 | | 29thestandardsandpracticesofrecordingofficesinotherjurisdictionsthatenact |
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| 103 | 103 | | HB2604 3 30substantiallytheprovisionsofsections59.900to59.912,thecommission,sofarasitis |
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| 104 | 104 | | 31consistentwiththepurposes,policies,andprovisionsofsections59.900to59.912,in |
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| 105 | 105 | | 32adopting,amending,andrepealingstandardsshallconsiderthefollowing: |
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| 106 | 106 | | 33 (1)Standardsandpracticesofotherjurisdictions; |
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| 107 | 107 | | 34 (2)Themostrecentstandardspromulgatedbynationalstandard-settingbodies, |
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| 108 | 108 | | 35includingthePropertyRecordsIndustryAssociation; |
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| 109 | 109 | | 36 (3)Theviewsofinterestedpersonsandgovernmentalofficialsandentities; |
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| 110 | 110 | | 37 (4)Standardsrequiringadequateinformationsecurityprotectiontoensurethat |
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| 111 | 111 | | 38electronicdocumentsareaccurate,authentic,adequatelypreserved,andresistantto |
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| 112 | 112 | | 39tampering;and |
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| 113 | 113 | | 40 (5)CurrentelectronicrecordingpracticesofMissourirecordersofdeedsthat |
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| 114 | 114 | | 41adheretostandardspromulgatedbynationalstandard-settingbodies. |
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| 115 | 115 | | 59.912.1.Inapplyingandconstruingtheprovisionsofsections59.900to59.912, |
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| 116 | 116 | | 2considerationshallbegiventotheneedtopromoteuniformityofthelawwithrespectto |
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| 117 | 117 | | 3itssubjectmatteramongstatesthatenactsuchprovisions. |
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| 118 | 118 | | 4 2.Theprovisionsofsections59.900to59.912modify,limit,andsupersedethe |
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| 119 | 119 | | 5federalElectronicSignaturesinGlobalandNationalCommerceAct,15U.S.C.Section |
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| 120 | 120 | | 67001etseq.,asamended,butdonotmodify,limit,orsupersedeSection101(c)ofthat |
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| 121 | 121 | | 7act,15U.S.C.Section7001(c),asamended,orauthorizeelectronicdeliveryofanyofthe |
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| 122 | 122 | | 8noticesdescribedinSection103(b)ofthatact,15U.S.C.Section7003(b),asamended. |
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| 123 | 123 | | 9 3.Theprovisionsofsections59.900to59.912shallbecomeeffectiveJanuary1, |
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| 124 | 124 | | 102025. |
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| 125 | 125 | | âś” |
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| 126 | 126 | | HB2604 4 |
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