Description
30min | Credits: 0.75 CRCM
This course summarizes requirements of the E-SIGN Act relevant to banks, including provisions related to consumer disclosure and consent, electronic disclosures that require consumer consent and methods for obtaining “demonstrable consent” to receive disclosures electronically. It also explains E-signatures and E-SIGN record retention requirements.
Audience: Employees who open accounts or sign-up consumers for electronic statements or disclosures. Loan personnel who provide disclosures electronically. Employees involved in e-commerce or electronic banking. Individuals involved with contracts with vendors and third parties. Back office personnel who facilitate electronic statements or disclosures, and IT personnel involved in systems design.
Objectives:
- Explain the E-Sign Act’s purpose and effect
- Describe requirements to ensure electronically delivered documents comply with consumer financial protection regulations
- Identify considerations and requirements for implementing electronic and digital signatures
This course is part of the ABA Frontline Compliance program.