The Electronic Signatures in Global and National Commerce Act of 2000 (ESIGN) grants electronic signatures the same legal validity and enforceability as paper records and handwritten signatures. For credit unions, this also means information required to be made available can be delivered electronically, as long as the credit union complies with ESIGN’s requirements.
A recent CUNA CompBlog back-to-basics post examines what credit unions should know about ESIGN.
Requirements generally fall into 3 categories:
ESIGN does not apply to: