ESIGN and UETA for Deposits

Alert! New E Sign legislation introduced in Congress

During the webinar we will cover the new bill introduced in Congress. E-SIGN currently requires consumers to reasonably demonstrate that they can access documents electronically before they can receive an electronic version, which is an outdated requirement that is no longer necessary given advancements in technology. The E-SIGN Modernization Act would remove this requirement, so once a consumer is provided with disclosure information and consents to receiving documents electronically, he or she can obtain them through those means.

Understanding disclosures, signatures and electronic storage may be crucial to your institution’s success in upcoming examinations and in day to day business at the bank. There are federal and state considerations to take into consideration.