In preparation for the release of Solex, our new eSign platform, we have made certain updates to the form of the consumer disclosures required by The Electronic Signatures in Global and National Commerce, or ESIGN Act. These updates standardize both the form and language of the disclosure across Solex and our existing Secure Delivery platforms.
The new Consent to Receive Electronic Loan Documents language will appear as follows:
“Federal and State law require that you be provided various disclosures, records, notifications, and documents (“Loan Documents”) over the course of this specific loan transaction. You have the option of receiving these Loan Documents either physically or electronically. In order to receive, view, and/or sign these Loan Documents electronically, you must understand and consent to the following terms and conditions:
- The following are the minimum computer software and hardware requirements necessary to access/receive and retain Loan Documents electronically:
- Personal computer or other device which is capable of accessing the Internet
- Web browser (Internet Explorer 9 or later; current versions of Mozilla Firefox, Chrome, Safari)
- Adobe Acrobat Reader® (visit http://get.adobe.com/reader/ if you need to download the latest version) or other equivalent software
- An active internet email address
- A printer or the ability to download and save information to your personal computer or device
- Your consent only applies to Loan Documents associated with this specific loan transaction, and this consent does not apply to any other subsequent loan transaction(s).
- You may withdraw your consent to receive these Loan Documents electronically at any time, without charge. In the event you wish to withdraw this consent or you need to update your contact information, including your email address, send the information in writing to:
[The Lender address will populate here as it currently does]
- You have the right to request and obtain a paper version of any electronically-delivered Loan Document(s) without charge, even if you originally consented to receive Loan Document(s) electronically but subsequently withdrew that consent.
By accepting, you certify that you understand these requirements, and you consent to the electronic delivery of all Loan Documents associated with this particular loan.
By declining, you certify that you are declining electronic delivery of all Loan Documents associated with this particular loan and would rather have them delivered in paper form.”
These updates will take effect February 3, 2017. If you have any questions or concerns about these update, please contact Client Support at 1.800.497.3584.
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