SENATE BILL 209

48th legislature - STATE OF NEW MEXICO - second session, 2008

INTRODUCED BY

Richard C. Martinez

AN ACT

RELATING TO REAL PROPERTY; AMENDING THE UNIFORM REAL PROPERTY ELECTRONIC RECORDING ACT TO CORRECT AN INTERNAL REFERENCE.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. Section 14-9A-5 NMSA 1978 (being Laws 2007, Chapter 261, Section 5) is amended to read:

     "14-9A-5. ADMINISTRATION AND STANDARDS.--

          A. The information technology commission and the state commission of public records, in consultation with the county clerks of New Mexico, shall adopt standards to implement the Uniform Real Property Electronic Recording Act.

          B. To keep the standards and practices of county clerks in this state in harmony with the standards and practices of recording offices in other jurisdictions that enact substantially the Uniform Real Property Electronic

Recording Act and to keep the technology used by county clerks in this state compatible with technology used by recording offices in other jurisdictions that enact substantially the Uniform Real Property Electronic Recording Act, the information technology commission and the state commission of public records, in consultation with the county clerks of New Mexico, so far as is consistent with the purposes, policies and provisions of the Uniform Real Property Electronic Recording Act, in adopting, amending and repealing standards shall consider:

                (1) standards and practices of other jurisdictions;

                (2) the most recent standards promulgated by national standard-setting bodies, such as the property records industry association;

                (3) the views of interested persons and governmental officials and entities;

                (4) the needs of counties of varying size, population and resources; and

                (5) standards requiring adequate information security protection to ensure that electronic documents are accurate, authentic, adequately preserved and resistant to tampering.

          C. The secretary of state may adopt and promulgate rules to implement the provisions of Subsection C of Section [3 of the Uniform Electronic Recording Act] 14-9A-3 NMSA 1978 by providing for the electronic notarization, acknowledgment, verification, swearing or affirming under oath and other notarial acts by notaries public with respect to a document or signature."

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