Clinton signed into law the
Electronic Signatures in Global and National Commerce Act (E-Sign), which becomes effective October 1, 2000.
Hawaii recently passed a slightly modified version of the Uniform Electronic Transactions Act (UETA), and on June 30, 2000, President Clinton signed the federal
Electronic Signatures in Global and National Commerce Act ("E-Sign").
This document presents the text of Public Law 106-229, the "
Electronic Signatures in Global and National Commerce Act." The act states that, with respect to any transaction in or affecting interstate or foreign commerce: a signature, contract, or other record relating to such transaction may not be denied legal effect, validity, or enforceability solely because it is in electronic form; and a contract relating to such transaction may not be denied legal effect, validity, or enforceability solely because an electronic signature or electronic record was used in its formation.
Acts such as the Uniform Electronic Transactions Act (UETA) and the federal
Electronic Signatures in Global and National Commerce Act (E-SIGN) contain certain provisions that would clear the way for digital recording of real estate documents by local recorders' offices.
An e-signature is defined as "an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record," The definition comes from the "
Electronic Signatures in Global and National Commerce Act," which was signed by former President Bill Clinton in 2000.
The
Electronic Signatures in Global and National Commerce Act (ESIGN), which was intended to facilitate electronic commerce, removes legal barriers to recognizing electronically authenticated (or signed) transactions as valid.
As a sign of the government's position, on June 30, 2000, President Clinton signed the
Electronic Signatures in Global and National Commerce Act, which provides that electronic records and related electronic signatures are not to be denied legal validity or enforceability merely because they are in electronic form.
(i) Subject to the requirements of section 101(c) of the
Electronic Signatures in Global and National Commerce Act (12 U.S.C.
The insurance industry expects good things from the
Electronic Signatures in Global and National Commerce Act, which was signed into law, electronically, by President Clinton.