Bloomberg Law
April 10, 2020, 8:56 AM UTCUpdated: April 10, 2020, 2:34 PM UTC

‘Wet’ Ink Signatures Requirements May Fade After Coronavirus (1)

Melissa Heelan Stanzione
Melissa Heelan Stanzione
Reporter

Gabe Teninbaum was stuck in a precarious situation when he had to close on his mortgage refinance on March 24.

At this point, states were in lockdown due to the coronavirus outbreak. Teninbaum, who is director of the Institute on Law Practice Technology & Innovation at Suffolk University Law School in Boston, said he called his bank to ask whether the transaction could be done electronically, but “the short answer was no.”

The bank said Teninbaum could not delay the closing while keeping his refinancing rate, so he felt he had to act. Teninbaum drove with his wife and ...

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