E-Commerce News – February 5, 2012 Reply

E-Commerce News provided by BuckleySandler LLP for informational purposes only, and should not be construed as legal advice on any subject matter.

February 5, 2012

New Jersey Updates Title Recordation Laws. On January 17, New Jersey enacted a 2010-2011 session bill, A2565, to modernize the state’s title recordation laws to permit the use of electronic documents and to reorganize and streamline the state’s recordation requirements. Given that the federal E-sign Act and the New Jersey Uniform Electronic Transactions Act both authorize the acceptance of electronic alternatives to paper documents and encourage the development of systems that accept electronic documents, the bill updates state law to, for example, (i) broaden the definition of “document” and “recorded” to allow for electronic recordation; (ii) delete statutory references to separate sets of books or separate databases for different kinds of documents; (iii) remove requirements for marginal notation of documents; and (iv) require development of standard formats for electronic documents. For a copy of A2565, please see http://www.njleg.state.nj.us/2010/Bills/A3000/2565_R1.PDF.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s