OCC Issues Advisory Letter on Compliance with E-Sign Act
July 19, 2004
The Office of the Comptroller of the Currency has issued an advisory letter explaining how national banks can maintain their electronic records and stay in compliance with the E-Sign Act and other federal statutes. The E-Sign Act became effective in 2001, but its somewhat vague language has not ended the confusion about how banks should handle electronic records. In response to queries, the OCC decided to