It has been 12 years since the United States passed a law to facilitate the use of electronic records and electronic signatures.
Called the Electronic Signatures in Global and National Commerce Act (ESIGN), its general intent in black and white is quoted in the very first section of the legislation; that a contract or signature “may not be denied legal effect, validity, or enforceability solely because it is in electronic form.”
eSignatures save a lot of waste. No need to get into a car and drive paper documents to your attorney’s office for a real estate contract or to a bank to settle a mortgage application.
Does your CU use online digital signatures?
Read the article to see how Avanza Bank asked Scrive to produce a bullet-proof e-signing service, whereby many stringent conditions would be met.
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