Spanish
The Association of Multiple Banks of the Dominican Republic (ABA) celebrated the approval of the regulation that governs the use of secure digital documents and signatures in the exercise of the notarial function, qualifying this fact as an advance that positions the country at the forefront of legal modernization and digital transformation.
"From the ABA, we value this regulation as a key milestone for the digital transformation of the Dominican notary system. This step represents a decisive advance to strengthen legal security, guarantee digital authenticity, and promote institutional efficiency in the country," declared the guild in a press document.
Through Resolution 50-2024, the Plenary of the Supreme Court of Justice approved the "Regulation for the application of the use of digital documents and signatures", in order to regulate the use of secure digital signatures in notarial documents in accordance with the provisions of laws 140-15, on Notaries, and 126-02, on Electronic Commerce, Documents and Digital Signature, among other regulations.
This regulation, which will come into force within 12 months of its publication, will allow notaries to use digital tools for the drafting, signing, and preservation of documents with full legal validity.
The ABA highlighted that this measure has a direct and positive impact on sectors such as finance, by reducing time and costs in transactions that require notarial validation, such as mortgage loans, corporate contracts and other key agreements.
The multiple banks' guild highlighted that the adoption of digital signatures in the notarial field generates multiple benefits, including strengthening legal security, viability and efficiency in business, greater inclusion, as well as traceability and transparency.
Regarding the first aspect, he indicated that the digital signature increases the levels of protection, authenticity, and integrity of notarial acts, reducing the risks of manipulation or falsification.
According to the ABA, the possibility of performing notarial acts with a digital signature facilitates more agile, secure, and remote transactions, which contributes to the dynamism of the economy and greater competitiveness of the business environment in the country.
He added that the possibility of reducing geographical, economic, and time barriers allows a greater number of citizens and companies to access reliable and secure notarial services, thus promoting equity and the digital transformation of businesses and justice.
Finally, the ABA maintained that the standardized use of digital signature technologies will allow for greater control, verification of origin, and validity of notarial acts, which strengthens the trust of all actors involved.
"The ABA reiterates its commitment to the country's progress and the adoption of technologies that benefit all productive sectors. This regulation, by modernizing the notarial function, not only strengthens legal security, but also boosts efficiency and inclusion in legal and financial services," concluded the guild.
