Answer:
Answer by Andy Zavoina:If the customer is accepting bits and bytes in place of paper and ink, and you're making required disclosures/change notices, yes.
Answer:
Answer by John Burnett:The provisions of section 101(c) of E-Sign, which includes all of the consumer demonstrable consent requirements, do not apply to business accounts, so any required disclosures (Regulation CC comes to mind) for business accounts can be delivered electronically without having to jump through the demonstrable consent hoops. Ditto on estatements for busineses, although statements aren't required disclosures for business accounts.
First published on BankersOnline.com 12/17/07
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