![]() ![]() Third, dotloop enables real-time collaboration, which is actually more secure than any standard PDFsigning solution by managing every version of the real estate transaction in one place. This information can be retrieved in a number of ways from within the dotloop application. ![]() Second, every change made in dotloop is logged and tracked at the field and document level. An “electronic signature” can be “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 E-Sign Act pre-empts inconsistent state laws.ĭotloop Goes Above and Beyond Mere Complianceįirst, every signature is certified and verified to include a unique signature ID, time and date, information about the signer, IP address from the signer’s location and more. The E-SIGN Act makes it clear that signatures and contracts in electronic form are valid and may not be denied legal effect. Moreover, the E-Sign Act is technologically neutral, and does not favor any one form of electronic signature. ![]() The “Electronic Signatures in Global and National Commerce Act” (“E-SIGN Act”) is a more than 10-year-old federal law that validates electronic signatures in transactions affecting interstate or foreign commerce. There are some limited exceptions (such as family law matters and wills), but real estate transactions are specifically covered under the E-SIGN Act’s definition of transactions: “the sale, lease, exchange, or other disposition of any interest in real property, or any combination thereof.” ![]()
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