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Send E-SIGN with Disclosures

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What is demonstrable consent and can we do that with new account disclosures we email the new customer?

Demonstrable consent is the process whereby the bank explains how it will make electronic disclosures and how the customer must demonstrate that they can receive and react to them. And if the customer fails to complete the process, it means the bank would not have made the required disclosures. Further, technically the bank cannot make e-disclosures until E-SIGN and demonstrable consent are in place.


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First published on 11/15/2020

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