Financial institution records; enforcement of electronic signatures

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RS 3733.3 - Financial institution records; enforcement of electronic signatures

A. Electronic signatures used in transactions by and with financial institutions are enforceable to the full extent of the law.

B. If a financial institution seeks to enforce the electronic signature and the purported signer disputes that the electronic signature is valid or enforceable, the financial institution may submit evidence to prove that the electronic signature is that of the purported signer and is valid and enforceable. Such evidence may include but is not limited to evidence that the purported signer received a direct or indirect benefit or value from the transaction, such as the deposit of funds into the purported signer's preexisting account with the financial institution; the purported signer's receipt of loan proceeds; or the payment of a debt owed by the purported signer.

Acts 2020, No. 109, §1.



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