Notwithstanding any general or special laws to the contrary, there shall be established a commission called the electronic notarization study commission, hereinafter referred to as the commission, for the purpose of identifying best practices for the implementation of electronic notarization in the commonwealth.

The commission shall be made up of 15 members: 3 members of the senate, 2 of whom shall be appointed by the senate president and 1 of whom shall be appointed by the minority leader of the senate; 3 members of the house of representatives, 2 of whom shall be appointed by the speaker of the house of representatives and 1 of whom shall be appointed by the minority leader of the house of representatives; the secretary of state or the secretary’s designee; 3 members representing the financial services industry, 1 of whom shall be appointed by the Cooperative Credit Union Association, Inc., 1 of whom shall be appointed by the Massachusetts Bankers Association and 1 of whom shall be appointed by the Massachusetts Mortgage Bankers Association; 4 elected registers of deeds from geographically diverse areas of the state, who shall be appointed by the secretary of state; and the supervisor of public records.

The commission shall recommend technology neutral standards for secure and feasible implementation of electronic notarization. The commission shall report its findings along with any necessary or recommended legislation filed with the joint committee on state administration and regulatory oversight and the senate and house committee on ways and means no later than 3 months after the final commission meeting.