Thread Starter: Richard Insley
Title: Re: E-Sign and CIP Requirements
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This is a tiny slice of the overall project and there's no interconnection with CIP. ESIGN removed legal barriers from the use of digital signatures and redefined "in writing" to include electronic documents where federal laws and regulations require delivery of "written" documents to consumers. The only implementation required for ESIGN is the "informed demonstrable consent" handshake that gets you the consumer's agreement to receive e-docs in lieu of paper. No action is required to claim ESIGN's authorization to use electronic signatures. "Authorized" does not mean "secure", however. Confirming the true identity of applicants and the validity of their digital signatures are security and CIP considerations.
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