E-SIGN and Remittance Transfers

Answered by:

Question:

Do the same requirements for written disclosures in subpart A of Regulation E apply to disclosures under these new rules in subpart B?

Answer:

No. Disclosures under subpart A that must be in writing may be made electronically only if demonstrable consent under the E-SIGN Act is obtained. Some of the disclosures required by subpart B can be provided electronically if a consumer electronically requests that a remittance transfer be sent. E-SIGN need not be involved in those disclosures but could be needed for others.
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Learn more about John Burnett’s webinar Remittance Transfers Update