E-Notes and E-Contracts (from Annual Advanced Real Estate 2020) (Online Seminar)

MCLE Credits: 1.0
Ethics Credits Included: 0.0

MCLE Credit: 1.0 (Ethics: 0.0)
Live-Interactive Credit: 0.0
Price: $79 (Includes a downloadable audio version.)
Viewable Through: 03/31/2023

Information

A pre-recorded streaming VIDEO replay of one session from the March 2020 live seminar, 24th Annual Advanced Real Estate.


Cosponsored with the Real Property Section of the Virginia State Bar

This session focuses on E-notes and how they are already in place, and also discusses unique issues posed by these instruments. The mortgage industry is rapidly transitioning from originating paper promissory notes to promissory notes in electronic form (eNotes). This session provides an overview of the legal framework for the validity of eNotes and the MERS® eRegistry, the system of record used to register eNotes. 

Learn how the controller of an eNote can have the equivalent rights as that of a “Holder in Due Course” of a paper negotiable promissory note. In addition, hear why the MERS® eRegistry is the “system of record” for holders of eNotes, establishing their legal effectiveness under the Uniform Electronic Transactions Act (UETA) and the federal Electronic Signatures in Global and National Commerce Act (E-SIGN).

 
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Schedule

Faculty

FACULTY

Sharon McGann Horstkamp, ICE Mortgage Services | MERSCORP Holdings, Inc. / Reston

MODERATORS


Benjamin D. Leigh, Atwill Troxell & Leigh PC / Leesburg
Sarah Louppe Petcher, S&T Law Group / Falls Church

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