Which statement about electronic closings in North Carolina is NOT true?

The statement that electronic documents are not accepted for closings is not true, as North Carolina does recognize and allow electronic documents to be used in the closing process. The state has implemented laws and regulations that support electronic closings, including the use of electronic signatures and electronic notarization, making it integral for modern real estate transactions.

In North Carolina, electronic notarization is permitted, provided certain conditions are met. This includes that notarization can be performed electronically, aligning with the growing trend towards digital solutions in the mortgage industry. It’s also important to note that while electronic notarization may be used, parties involved in the transaction do have the option to request this service in writing, which contributes to the flexibility and accessibility of the closing process. Therefore, the ability to utilize electronic documents is vital to streamline transactions and improve efficiency in mortgage closings.