Ohio Secretary Of State Warns Against Mortgage Industry Gambit To Minimize Problems With Bogus Notarizations

In a recent interview with American Public Media, Ohio Secretary of State Jennifer Brunner made this observation on an apparent mortgage industry response to the recent brouhaha involving bogus notarizations(1) and foreclosure robosigners:

• And what's very interesting is that on Sept. 27, Congress very quickly passed House Resolution 3808 (PDF) and it requires that state and federal courts honor notarizations from another state as long as they were lawful in that state.

• It seemed innocuous at first, but when you really look into it, and you look into what's happening out there with technology and mortgages, and see that there are states with very lax laws and allow for electronic notarization without even presenting in front of a notary.

• It seems very clear that there an attempt of the banking industry to flank what's being discovered by consumers with a lot of indignation.

For the transcript of the entire interview, see Faulty foreclosure papers notarized.

(1) See Ohio Secretary Of State Asks Feds To Open Criminal Probe Into 'Robo-Notary' Abuses Involving Mass-Produced Foreclosure Docs; Lists 5 Violations Of Law for recent action taken by Secretary of State Brunner in connection with dubious notarizations on foreclosure documents.