Learn More - Click Here!

Thread Options
#929788 - 03/25/08 06:19 PM UETA
Tesla Offline
Power Poster
Joined: Nov 2003
Posts: 3,669
Does IL have a version of this?
_________________________
It's not that I take life for granted. It's only that the good won't make it. Innocence dies, while Villany Thrives.

Return to Top
#930427 - 03/26/08 03:22 PM Re: UETA Tesla
Tesla Offline
Power Poster
Joined: Nov 2003
Posts: 3,669
OK - I found the IL Financial Institutions Electronic Documents and Digital Signature Act 205 ILCS 705.

This appears to have the same requirements as the E*SIGN. My question then is we offer stop payments on line. We now require the customer to send in a written request for the stop pay. If we follow 205 ILCS 705/10(c)(1)and since stop pays are governed by state law 801 ILCS 5/4-403(b), can we have a click (I agree) or something similar to replace the written requirement to authorize the stop pay beyond 14 days if we have demonstrable consent, etc? How are any of you handling this?

Thanks for your thoughts/comments!
_________________________
It's not that I take life for granted. It's only that the good won't make it. Innocence dies, while Villany Thrives.

Return to Top