Abstract

Back in 2010, President Barrack Obama vetoed a bill -- Interstate Recognition of Notarizations Act (know as H.R.3808) - that requires courts and other entities to recognize licensed notaries. The notaries, from all states, create a lot of attention towards a topic rarely discussed in the public domain. Despite the fact that most individuals view the notarization process as a formality, it has significance on the states governance. State government officials in charge of overseeing the notary commission realize the gravity and significance of this function. Notaries have a variety of rules in various governments. They establish the bonafide of signatures for protecting transactions from forgery and fraud cases. The presence of a notary’s signature bolsters a document’s authenticity. The notary system, however, faces a variety of challenges in meeting its obligations. Issues rise in the coordination of transaction security and contract freedom, transaction security and efficiency, and the incorporation of information and communications technology (ICT) and internet into the notary system. The research paper explores the problems in high detail. It focuses on the state of the notary system, previous research, challenges, effects and means of improving the efficiency of the system, through adjustments.

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