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Confirmation Code Required for Registering Contract

 

Confirmation Code Required for Registering Contract

Date: 24 May 2022


On 2 May 2022, the deputy head of the Real Estate and Deeds Registration Organization announced that registering all kinds of contracts by the notary publics is only possible when a confirmation code is received by the applicants i.e. parties to the contract via SMS on their phones. The same procedure shall be followed by the applicants of registering official documents before notaries.

For the confirmation code to be sent to mobile numbers, the phone numbers must be registered in the name of the applicants.

This procedure will help verifying the real identity of the parties. Therefore, this electronical authentication would ensure the parties of the identity of their counterparties and their position. Thus, the risk of unauthorized transactions would be diminished.

 

On 2 May 2022, the deputy head of the Real Estate and Deeds Registration Organization announced that registering all kinds of contracts by the notary publics is only possible when a confirmation code is received by the applicants i.e. parties to the contract via SMS on their phones.