New Fingerprinting Law in Cook Co. in effect as of June 1, 2009

In an attempt to fight mortgage fraud, all purchasers of real property in Cook county will now be required to give a fingerprint, to be kept on file to complete the transaction.

Public Act 095-0988 amends the Illinois Notary Public Act by describing the manner in which a notary must sign each certificate at the time of notarization.The law requires that a paper or electronic form must be completed and retained, for a period of seven years, for each notarial act relating to real property in Cook County.

As part of the process, the new law will require the notary to have the individual to whom the property is being conveyed, as well as an agent acting on behalf of a principal under a duly executed power of attorney, to place his/her thumbprint on the transaction documents.

This is a currently a pilot program, and the new law is set to be in act July 1, 2013.  If you have questions about the Real Estate process or need assistance with buying or selling in this ever changing market.  Please contact us today at kjpremier@atproperties.com.