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E-SIGN Act: Electronic Loan Document Delivery

Aug 10 2:00 PM - Aug 10, 2022 3:30 PM
Aug 10, 2022 2:00 PM - 3:30 PM
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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.

Learning Objectives

  • 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. 

Agenda

Speakers

Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Lending & Collections
  • Compliance