E-Sign Compliance and the Account Life Cycle

The world of electronic banking continues to evolve, and bankers need to keep pace with technology and customer preferences. Recent surveys indicate that 51% of adults in the U.S. bank online and 32% bank with mobile phones. What steps should you follow to be in compliance with E-Sign?

What You Will Learn:

  • What are the rules? Learn about federal and state legislation for E-Sign
  • Which deposit and lending regulations are related to E-Sign and have specific provisions for compliance?
  • Common questions, resources, and exam procedures
  • Consumer consent is a six-step process
    • Availability of paper delivery or paper copies
    • Consent choices
    • Consumer actions
    • Hardware/software requirements
    • Affirmatively consent
    • After consent disclosure
  • Basic steps for E-Sign implementation
    • Getting started
    • Identify pain points
    • Build consensus
    • Vendor selection considerations
    • Think big, but start small
    • Assess the risk
    • Learn from a test project including steps to production

Who Should Attend?

Auditors, loan officers, loan assistants, and loan administration staff