Enforceability of Electronic Signatures

By David. A. Wolfe, Attorney E-Sign Act and Electronic Signatures In 2000, in order to address the concern whether electronic contracts could be enforceable and to provide procedures for keeping and retaining electronic records, disclosures and signatures, Congress enacted the Federal Electronic Signatures in Global and National Commerce Act (E-Sign). Under E-Sign, documents can be…

Electronic Mortgage Statements

By David A. Wolfe, Attorney Paper billing is a predictable expense and credit unions are understandably eager to go paperless for their member communication, however, many members cling to traditional payment methods.  Online banking and bill pay initiatives require a significant investment, but as credit unions switch to electronic statements, they are experiencing increased traffic…