E-Sign Compliance

Course Number: ABA

Course Code: ABA

Summarizes key aspects of compliance with the E-SIGN Act to assist banks to comply with the act. Covers compliance with the E-SIGN Act provisions including consumer disclosure and consent, types of electronic disclosures that require consumer consent, and methods for obtaining demonstrable consent. Explains E-signatures and E-SIGN record retention requirements.

What You’ll Learn

After completing this course, students will be able to:

Explain the E-SIGN Act’s purpose and requirements for bank consumer transactions
Describe the impact of E-SIGN on your bank’s compliance with existing regulations
Identify the planning considerations and requirements for implementing digital signatures in your bank

Audience: Employees who open accounts or sign-up consumers for electronic statements or disclosures. Loan personnel who provide disclosures electronically. Employees involved in e-commerce or electronic banking. Individual involved with contracts with vendors and third parties. Back office personnel who facilitate electronic statements or disclosures, and IT personnel involved in systems design.

Prerequisites: None