It has been suggested to me, at a couple of levels of hearsay, that that “the US government had to implement a provision to require the financial institutions to accept electronic signatures on agreements of purchase and sale [of land] for the purposes of financing.”
Can anyone tell me what is behind this statement? I have several questions, besides this general one:
- ‘had to implement’ – meaning ‘as a condition of validity’? or ‘to make some particular policy effective’?
- ‘to require the financial institutions to accept e-signatures’ – really? Mandatory acceptance of e-signatures? *Any* e-signatures or only those with particular security characteristics?
- ‘the financial institutions’ – any financial institutions, or just those with special relations to the US government, such as Freddie Mac and Fannie Mae?