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California Bankers Sponsor E-Summit.(California Mortgage Bankers Association)(Brief Article)

Mortgage Servicing News

| April 01, 2005 | Kersnar, Scott | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Sacramento, CA -- To herald creation of what one speaker touted as the coming deployment of "the largest and most advanced system of electronic recordation in the nation," the 2005 California E-Recording Summit was held here in February.

The event, co-sponsored by the California Mortgage Bankers Association, came in the wake of the last fall's passage of AB 578, which created the California Electronic Recording Delivery Act of 2004.

The stature of the summit was signaled by the appearance of California attorney general Bill Lockyer, whose office was charged with developing regulations required by the bill. The bill also required each county to have its own system certified as meeting the standards established in the AG's regulations.

Though CMBA has been working for more than five years to pass e-recording authority for California's county ...

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