How valid are E-Signature loans?
Date: Thu, 10/12/2006 - 21:00
I did a payday loan in my husbands name w/out his knowledge...how valid are these "e-signature" type things over the internet....I am dealing w/ CashNet USA. I had rolled over a few loans w/ them & then decided enough is enough, I have paid them enough $$. Well you know the drill, I am now getting calls from Paragon Way. Well they want to talk to my husband who knows nothing about what I did.......so now what do I do? I am in MO & have looked at our payday loan laws & they SUCK. Any advice on what I should do now to try to settle this mess?
E-signatures - assuming they are collected in a manner that comp
E-signatures - assuming they are collected in a manner that complies with "Electronic Signatures in Global and National Commerce Act," are legally binding for credit agreements, ACH authorizations, etc. This simply means that under federal law, electronic signatures are as binding as physical ones for most legal documents. It doesn't affect issues of whether the underlying contract is legal or not, so you may have a host of other options available depending on the circumstances.
The link from the FTC website will be very helpful in getting th
The link from the FTC website will be very helpful in getting the legal knowledge on this
http://www.ftc.gov/os/2001/06/esign7.htm
