industrylettertomcdermottjune28

8/9/2019 IndustryLettertoMcDermottJune28

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The Honorable Jim McDermott1035 Longworth House Office Building

United States House of RepresentativesWashington, DC 20515

June 23, 2010

Dear Representative McDermott:

We, the undersigned, are writing to express our support of H. Con Res.290, designatingJune 30th as National ESIGN Day.

The Electronic Signatures in Global and National Commerce Act (ESIGN), Pub. L. No.

106-229, 114 Stat. 464 (2000) (codified at 15 U.S.C. 7001 et seq.) was enacted on June30, 2000, to ensure that a signature, contract, or other record relating to a transaction may

not be denied legal effect, validity, or enforceability solely because it is in electronic

form. June 30, 2010 marks the 10th anniversary of the enactment of ESIGN.

Based on ESIGN, companies are implementing full scale solutions in multiple sectors,

and are realizing the benefits of electronic transactions. These benefits include:

Improved Customer Satisfaction: Consumer gains in terms of ease of use,convenience, transaction speed, reduced costs and customer experience.

Velocity: Significantly increased transaction speed and closure rates, saving timeand money for businesses.

Transparency: Parties to the transaction are able to see the transactionprogressing in real-time, reducing transaction breakage.

Reduced Transaction Costs: Savings result from reduced need to re-keyinformation and store contracts in paper at a physical locale.

Accuracy: Assured, predictable outcomes with fewer errors and faster errordetection and corrections.

Compliance: Process management built in to transactions, so that required

disclosures, storage retention times, and notifications can be executedprogrammatically, and not forgotten.

Reduction of Business Carbon Footprint: Eliminating the need to produce,process, transport, maintain, destroy or dispose of paper transactiondocuments.

H. Con. Res. 290 recognizes the previous contribution made by the Congress to theadoption of modern solutions that keep our nation on the leading technological edge; and

reaffirms the Congresss commitment to facilitating interstate and foreign commerce inan increasingly digital world.


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Representative McDermottJune 23, 2010

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We urge your support of the establishment of National ESIGN Day.

DocuSign, Inc.

Electronic Signature and Records Association

Consumer Mortgage Coalition

National Association of REALTORS

Insured Retirement Institute

CML America

USAA

Adobe Systems

Sallie Mae

Fidelity National Financial

Fiserv

eOriginal

Silanis Technology

AlphaTrust Corporation

AssureSign, LLC

Amica Mutual Insurance Company

First Marblehead

Flagstar Bank

Quicken Loans

IMM

Stewart Lender Services


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Representative McDermottJune 23, 2010

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Ellie Mae

MERS

MISMO

EverBank

SigniaDocs, Inc.

Encomia

Direct Mortgage Corp.

Digital Docs, Inc.

Relevant Technologies

Magnolia Technologies

Simplifile

eSignSystems- a division of Wave Systems Corp.

Realtime Solutions Group, LLC

Lending Tree

Pennsylvania Association of Notaries


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