E-Sign & Commercial 1st lien dwelling secured

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #4065

    Since the Reg B rule to provide a copy of the appraisal on a 1st lien dwelling secured commercial purpose loan will be applicable to non consumer purpose loans, will those loans be subject to E-sign when providing the appraisal electronically? We are looking at providing appraisals electronically since they must be provided promptly upon completion/3 days prior to closing unless the timing can be waived but need to implement an E-sign disclosure, demonstrative consent, etc… E-sign Act reads as if it only applies to consumers, but thought I should double check that. For commercial purpose loans, would we have to comply with E-sign to provide those appraials electronically?


    Yes, for electronic delivery, you must obtain the applicant’s consent under the Electronic Signatures in Global and National Commerce Act (E-Sign Act). You will find information about E-Sign at

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.