Marshall Islands Relaxes Mortgage Recording Requirements in Light of COVID-19

Source: Cozen O'Conner Originally published on: 24/03/2020 In response to the disruption cause by COVID-19 and social distancing requirements, the Republic of the Marshall Islands Maritime Administrator (the Administrator) has issued a temporary modification to the mortgage recording and acknowledgment requirements set out in the Republic of the Marshall Islands Maritime Act (the Act). Under the Act, mortgages and other recordable instruments are required to be submitted in original executed copies with acknowledgments by a notary public, special agent, or other official authorized to take an oath in order to be recorded. In many jurisdictions, stay at home and lockdown orders, as well as the need to practice social distancing, have caused in person meetings to ground to a halt... Full article here