Reply To: Reg B Appraisal Rules – E-Sign


I understand what I need to do to comply with E-Sign for consumers. I recently ran across some articles that said we don’t need to do all this for businesses.

The E-Sign Act defines consumers as:
(1) Consumer
The term “consumer” means an individual who obtains, through a transaction, products or services which are used primarily for personal, family, or household purposes, and also means the legal representative of such an individual.

A lot of the language in the act refers to “consumer.” I was trying to determine what had to be done when dealing with a business.