Can lenders use scanned copies of documents or E-signatures or E-consents permitted by the E-sign Act?
Yes. All PPP lenders may accept scanned copies of signed loan applications and documents. Additionally, lenders may also accept any form of E-consent or E-signature that complies with the requirements of the Electronic Signatures in Global and National Commerce Act (P.L. 106-229) .
Below is the official question from Q29 as of May 14, 2020
29. Question: Can lenders use scanned copies of documents or E-signatures or E-consents permitted by the E-sign Act?
Below is the official answer from Q29 as of May 14, 2020
Answer: Yes. All PPP lenders may accept scanned copies of signed loan applications and documents containing the information and certifications required by SBA Form 2483 and the promissory note used for the PPP loan. Additionally, lenders may also accept any form of E-consent or E-signature that complies with the requirements of the Electronic Signatures in Global and National Commerce Act (P.L. 106-229). If electronic signatures are not feasible, when obtaining a wet ink signature without inperson contact, lenders should take appropriate steps to ensure the proper party has executed the document. This guidance does not supersede signature requirements imposed by other applicable law, including by the lender’s primary federal regulator.
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