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What are the requirements for electronic consent?

The E-Sign Act allows the use of electronic records to satisfy any statute, regulation, or rule of law requiring that such information be provided in writing, if the consumer has affirmatively consented to such use and has not withdrawn such consent.

What is electronic communication consent?

You have indicated you wish to receive and sign the documents relating to your transactions with us electronically. We are required by law to give you certain information in writing, which means you are entitled to receive it on paper.

What are the two requirements that must be met in order to retain electronic records?

The E-Sign Act requires a financial institution to maintain electronic records accurately reflecting the information contained in applicable contracts, notices or disclosures and that they remain accessible to all persons who are legally entitled to access for the period required by law in a form that is capable of

What are the requirements for eConsent?

Consent Requirements Through an eConsent Lens Consent language must be understandable, presented in lay terms, and without exculpatory language. Additionally, the eConsent process must minimize the possibility of coercion or undue influence.

How does electronic consent work?

Electronic consent (e-consent) is a method of obtaining informed consent through the use of an electronic system instead of a paper consent form, e.g. in REDCap or . Not all e-consent systems contain the ability to document legally effective signatures.

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