E-SIGN Act: Electronic Loan Document Delivery 2022 | Financial Education & Development Inc. | 10 August 2022 | Webinar

The federal E-Sign Act encourages use of electronic signatures, contracts, and document retention – if you follow the rules.

Are your documents and delivery procedures “legally correct”? This webinar will teach you about electronic documents, delivery, disclosures, record retention, and more.

After This Webinar You’ll Be Able to:
• Explain the Electronic Signatures in Global and National Commerce Act (federal E-Sign Act)
• Determine when it is permissible to deliver disclosures, documents, and statements electronically
• Understand the restrictions imposed on the use of electronic signature pads
• Decide when the original document can be destroyed after it has been saved electronically
• Determine when your institution can require the use of electronic documents

Although the electronic age can make loan transactions more convenient, it can also cause complications. Before your institution can benefit from the federal E-Sign Act and use electronic signatures and electronic documents, you must deliver the proper disclosures to your borrowers and obtain their consent. You must ensure that your electronic documents and delivery system are “legally correct.” In addition, the regulatory agencies expect financial institutions to understand how their electronic loan document system operates and how it satisfies the legal requirements for using electronic signatures, electronic contracts, and electronic document retention.

Who Should Attend?
This informative session is designed for all staff involved on the loan side, such as loan operations personnel, loan officers, technology staff, attorneys, compliance officers, and managers.

2022 Speaker

PRESENTER:

Elizabeth Fast, JD & CPA
Attorney, Spencer Fane LLP