eDOC and Oak Trust Credit Union recently hosted the Tri-State e-Strategy Leadership Conference at the Illinois Credit Union League office. The main topic of this year’s conference was “Legality and Compliance of Electronic Documents and Electronic Signatures”. As part of the collaboration by industry leaders, all presenters provided examples of electronic documents and signatures being challenged for legality and compliance and how they furnish the proof needed to be enforceable.
Renee Petersen, VP of Internal Operations at Unison CU in Kaukauna, WI said, “This conference reinforced my confidence in the legality of electronic documents and electronic signatures as we move forward to meet our members’ needs for convenience. Also, the new ProDOC Packages™ solution will be a valuable tool for our staff and will save them time by organizing their documents in an electronic workflow for account openings and loan closings. ProDOC Packages™ “virtual manila folder” provides an easy to view dashboard and checklist to ensure that we have all the necessary documents and that all documents have been completed prior to finalizing the transaction and storing the documents. No more missing files, documents or signatures.”
Matthew Young, credit union attorney from the law firm, Weltman, Weinberg and Reis reviewed requirements under the eSign Act and the Uniform Electronic Transaction Act along with varying state laws. Lewis Levey, Chairman of Computime, official distributor for Topaz signature pads, discussed the forensics used to ensure that the signatures are compliant. Michael McKee, Business Development for Financial Institutions and Credit Unions at DocuSign, provided similar information for remote digitized signatures captured through DocuSign’s secure website. Harley Dell, Account Manager of eDOC Innovations, provided a demonstration of electronic documents, electronic signatures and remote digitized signatures utilizing eDOC’s ProDOC Forms™, ProDOC Packages™ and eDOCSignature™.