What is the Electronic Signatures in Global and National Commerce Act?

The Electronic Signatures in Global and National Commerce Act, more commonly known as the E-Sign Act, is a federal law that applies to all U.S. states, including Delaware. Passed in 2000, the E-Sign Act was created to reduce the confined nature of traditional business transactions by allowing contracts, documents, and records to be signed and maintained electronically. The E-Sign Act’s purpose is to ensure that electronic signatures, agreements, and documents are legally binding, in the same way traditional paper documents are legally binding. It also states that no person or business can be discriminated against for choosing to use electronic documents instead of paper documents. The E-Sign Act applies to almost any type of transaction, including banking and financial transactions. Banks in Delaware must comply with the E-Sign Act by allowing customers to electronically sign and store documents in a secure and consistent manner that is legally binding. For example, with E-Sign, customers can open a new bank account, apply for a loan, and sign up for online banking services without having to manually sign traditional paper documents. Overall, the E-Sign Act is an important piece of legislation that protects the rights of banking customers in Delaware. It simplifies the process of electronically signing documents, and provides legal backing that ensures electronic documents are just as valid as traditional paper documents.

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What is the Electronic Signatures in Global and National Commerce Act?

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