Are Electronic Signatures “Legal”?

By Scott Havn, Esq. and Jean C. Arnold, Esq. The question: “Are electronic signatures legal,” usually comes up regarding credit applications, personal guaranties, and other routine business documents. The short answer is, “Yes.” However, there are caveats and practical considerations before using electronic signatures for all documents and circumstances. Even before the pandemic and the […]

The Efficacy Of Online/Electronic Credit Applications

By: Wanda Borges, Esq., Borges & Associates, LLC The diligent credit executive must be ever mindful of the multiple functions that can be performed by a well-drafted credit application. A credit application is not only a useful source of information for evaluating the prospect’s credit, but also provides a wealth of information that can be […]

E-Signature Act Benefits Business and Consumers FTC Reports, so What Does it Mean to the Credit Professional?

By Scott E. Blakeley, Esq. republished from www.blakeleyllp.com The Electronic Signatures in Global and National Commerce Act (The E-Sign Act) went into effect November 2000. The E-Sign Act makes an electronic signature (e-signature) as legally binding as ink-and-paper signatures, and can be used in legal proceedings. An e-signature is generally defined as a form of […]