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#1682232 - 03/26/12 06:28 PM Investor forms subject to E-Sign?
Busy body Offline
100 Club
Joined: Nov 2004
Posts: 160
Texas
Are forms required by investors (such as VA, FHA, Fannie) to be completed by the borrowers considered electronic records subject to e-sign? I'm thinking the answer is that the are not mandated by law or regulation and therefore the answer is NO, but I'd like to be sure before I go out on a limb.

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eBanking / Technology
#1682319 - 03/26/12 08:29 PM Re: Investor forms subject to E-Sign? [Re: Busy body]
Richard Insley Offline
Power Poster
Richard Insley
Joined: Oct 2000
Posts: 9,819
Toano, VA
Documents containing required federal disclosures (any federal law or regulation) must conform with the delivery rules found in the law or reg that mandates the disclosure. If VA or FHA "forms to be completed by the borrowers" contain disclosures required by these agencies' regs, then you look at these regs to see if the disclosures must be delivered "in writing." If so, then you must use paper or ESIGN-enabled electronic documents.
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