Applications & E-SIGN

As we all know, email communication is often much quicker and more cost-effective than typical “snail mail.” From a compliance perspective, however, you need to be careful when utilizing electronic communication with your customers. For example, there are certain disclosures required during the application process which can be provided electronically. If you do; however, you must ensure you comply with the requirements of The Electronic Signatures in Global and National Commerce Act (E-SIGN).

Jerod explains more in the video.

 

Lending Resources!

Video Highlights:

  • The Electronic Signatures in Global and National Commerce Act (E-Sign) often needs to be followed when providing disclosures electronically.
  • Customer must consent to electronic communication, as well as acknowledge they can view the communication format.
  • Some things do not require E-sign compliance if they are part of an online application process.

Published
2023/05/01
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

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