Legal Compliance
On June 30, 2000, the Electronic Signatures In Global and National Commerce Act (E-SIGN Act) was signed into federal law and became effective on October 1, 2000. The E-SIGN Act implements a national uniform standard for all electronic transactions that encourages the use of electronic signatures, electronic contracts and electronic records by providing legal certainty for these instruments when signatories comply with its standards.
The E-SIGN Act includes several key provisions that address its: (1) scope; (2) application; (3) consumer consent requirements; (4) validity requirements for electronic signatures, electronic contracts and electronic records; (5) retention requirements for electronic contracts and records; (6) notarization rules; and (7) national uniform standards for the banking, insurance and stock industries.
Similarly, the Uniform Electronic Transactions Act (UETA) provides a legal framework for electronic transactions, and it gives electronic signatures and records the same validity and enforceability as manual signatures and paper-based transactions. This model act was adopted by the National Conference of Commissioners on Uniform State Laws (NCCUSL) in 1999. To see the full text of the act and additional information, see the NCCUSL web site at www.nccusl.org/.
AssureSign LLC guarantees full compliance with the requirements and standards of both the E-SIGN Act and UETA for all AssureSign® Electronic Signature products.
