E-SIGN ACT Flashcards
1
Q
What is the E-SIGN act?
A
The Electronic Signature in Global and National Commerce act
2
Q
When was the E-SIGN act enacted?
A
2000
3
Q
What is the purpose of the E-SIGN act?
A
To globally recognize electronic signatures as traditional wet signatures
4
Q
To be a valid e-signature…
A
Must confirm or consent to do business electronically as well as the right to withdraw consent at anytime
Inform borrower of right to receive non-electronic signatures
Must provide consumer with a states of hardware/software requirements prior to consenting
