Arizona Gov. Janet Napolitano has signed the Arizona Uniform Real Property Electronic Recording Act, which authorizes the storage of real property records, including mortgages, in electronic format.The act was adopted based on a model recording act of the same name drafted by the National Conference of Commissioners on Uniform State Laws in 2004. It states that an electronic document satisfies a recording statute that requires a document to be an original, on paper or another tangible medium, or in writing, and that an electronic signature satisfies a recording statute that requires a document to be signed. The act also states that an electronic signature satisfies a requirement that a document or signature associated with a document be notarized, acknowledged, verified, witnessed, or made under oath by someone authorized to sign for the document so long as the electronic signature and all other information required to be included is attached to or logically associated with the document or signature. The Arizona URPERA goes into effect on Jan. 1, 2006.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
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Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
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Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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