Summarizes key aspects of compliance with the E-SIGN Act to assist banks to comply with the act. Covers compliance with the E-SIGN Act provisions including consumer disclosure and consent, types of electronic disclosures that require consumer consent, and methods for obtaining demonstrable consent. Explains E-signatures and E-SIGN record retention requirements.
After completing this course, students will be able to:
• Explain the E-SIGN Act’s purpose and requirements for bank consumer transactions
• Describe the impact of E-SIGN on your bank’s compliance with existing regulations
• Identify the planning considerations and requirements for implementing digital signatures in your bank