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#2232913 - 03/13/20 01:40 PM Digital Signatures and Pledged Loans
Lindsey M Offline
New Poster
Joined: Jun 2018
Posts: 2
We are just beginning to look into eSign software for our commercial and consumer loans. We currently pledge loans to both the Federal Reserve and FHLB. I'm hearing that they do not accept electronic signatures. Are any of you currently pledging loans to either AND using digital signatures for loans that are pledged to them? If so, what has your experience been with them when it comes to audits?

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eBanking / Technology
#2232915 - 03/13/20 01:51 PM Re: Digital Signatures and Pledged Loans [Re: Lindsey M]
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 73,012
Galveston, TX
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#2232948 - 03/13/20 05:12 PM Re: Digital Signatures and Pledged Loans [Re: rlcarey]
Carolina Blue Offline
Platinum Poster
Carolina Blue
Joined: Jul 2005
Posts: 939
Lost in a regulatory fog
We had a FLHB audit this past fall and they told us there is no intention of removing the wet signature requirement anytime in the future, but had no specific reason for not adapting. crazy

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#2232950 - 03/13/20 05:16 PM Re: Digital Signatures and Pledged Loans [Re: Lindsey M]
Lindsey M Offline
New Poster
Joined: Jun 2018
Posts: 2
This article from the Chicago FHLB sounds like they are closer to accepting eSignatures.

https://www.fhlbc.com/news/details/...within-the-federal-home-loan-bank-system

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