Michigan Land Title Association’s Annual Convention and Swearing in of Directors and Executive Board Members
July 17, 2021
Underwriting Q&A: If RON (remote online notarization) is utilized for notarization of a document to be recorded in a County that has not adopted e-recording, is there a method available to effect recordation of a hard copy of the document with digital signatures and electronic notarization (RON)?
July 21, 2021
A. No. Title can be vested in an adult age 21 or older as custodian for minor children under the Colorado Uniform Transfers to Minors Act without the necessity for a conservatorship proceeding for the minor children. The grantee clause in the deed must state exactly that. For example, the grantee clause should state “John Smith as custodian for (name of minor children) under the Colorado Uniform Transfers to Minors Act.” The custodian does not need to be appointed in a separate document. The naming of the custodian in the deed acts as the custodian’s legal appointment. If title to a property has been vested correctly under the Colorado Uniform Transfers to Minors Act it may be conveyed out in a deed using the same language in the grantor clause.
As always, feel free to reach out to your FNTI underwriting counsel for questions involving title vesting issues.
