For ease, convenience, The property that will be given or pledged as collateral for a loan…., and time savings, we use DocuSign‘s integrated Electronic Signature System for signing contracts for your home. DocuSign is the most highly recommended vendor endorsed by the Texas Association of Realtors and is increasingly used by participating professional Real Estate Brokers licensed in Texas. We are trained in “e-signature” usage.
An e-signature is any paperless and legally recognized means of entering into a contract, including electronic symbols, sounds, or processes logically associated with a contract. That can include agreements made by email, facsimile or entering your personal identification number into an ATM.
Electronic signature requires a desktop computer, smartphone, pad or any device with email and access to a web browser. Certain limitations might apply to older devices. Screen size can limit your ability to read and approve a document before signing.
The legal definition for an “electronic-signature” is in the US federal ESIGN Act of 2000 that defines an e-signature as “an electronic sound, symbol or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record”.
To qualify as a legal binding e-signature under our legal framework, the e-signature must have the following attributes: The e-signature is an electronic symbol, sound or mark unique to a person, which is ensured and enforced by the signing system. The e-signature is logically associated with or affixed to a record. As a result, the signing system managing is capable of attaching the signature to the document in a way that ensures the document remains attached to the e-signature and cannot be modified or removed.
The e-signature must be attributable to a person. An electronic record or signature is attributable to a person if it was the act of the person. The process of attribution is shown in any manner, including a showing of the efficacy of a security procedure applied to determine the identity of the person to which the electronic record or signature was attributed. The e-signature must clearly show that the person had the intent to sign the record. Intent includes the The filing of a lien or other legal documents in the appropriate public record…. of actions taken by signers that demonstrate they knew and agreed they were signing and they intended to be bound by their e-signature. This can be determined from the context and surrounding circumstances at the time of its creation, execution or adoption, including the party’s agreement if any, and otherwise as provided by law.
Electronic and digital signatures are just as binding as traditional pen and ink signatures as long as they are executed through a process that clearly establishes intent to sign and ensures all legal elements of proof. Furthermore, e-signatures obtained through DocuSign are compliant with the federal e-signatures in Global and National Commerce Act of 2000 (ESIGN) and the Uniform Electronic Transactions Act (UETA) which is recognized in Texas. As a result, they are legally binding and backed by a comprehensive audit trail.
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