Compliance

Make it Simple  Make it Legal  Make it Work^®

How will eOriginal help satisfy my compliance and legal concerns?

The Uniform Electronic Transaction Act (UETA) and the Federal Electronic Signatures in Global and National Commerce Act, (ESIGN Act, S. 761) empower electronic documents and digital signatures to be used with the same effect as paper documents and ink signatures. These enabling laws also define a set of stringent requirements for the handling of electronic documents as part of online contracts and transferable records. eCore® provides all the elements required to develop UETA and E-Sign compliant applications.

• eOriginal is the only technology provider for eContracts securitized in the secondary markets. Only eOriginal technology is currently accepted by rating agencies in the automotive and lease industries for the fulfillment of Authoritative Copy statutory requirements. eOriginal also delivers the certifications for the legal opinions required by secondary offering issuers.

• The Company’s extensive legal and technology expertise in security standards, electronic negotiable instruments, and legal compliance as applied in production environments, provides customers with a predictable, scaleable framework for offering secure electronic signatures and the creation and management of legally binding digital source documents.

• eOriginal participated in the drafting and standards support through the American Financial Services Association (AFSA), the Accredited Standards Committee (ACS) X9 committees establishing the standard for eContracts and chairing of the AFSA ACS X9 Transfer of Location of Electronic Contracts (TOLEC) standard committee, and the Mortgage Industry Standards Maintenance Organization (MISMO), including the eVault standards committees, and other organizations.

• eOriginal technology integrates standard public key cryptography, electronic signatures, and document and transaction management.  The technology enables secure electronic execution and long-term administration of transferable records such as retail sales contracts and mortgages.

• eOriginal technology ensures the authenticity of Electronic Original® documents, the identity of the signatories, the integrity of the content and enable the secondary market legal opinion eContract compliance certifications required by rating agencies such as Standard and Poor’s.

• eOriginal provides the only licensable eCommerce solution in high volume production today that fully complies with all six Transferable Record criteria of the Federal Electronic Signatures in Global and National Commerce Act (ESIGN), the Uniform Electronic Transactions Act (UETA), and the state Uniform Commercial Code (UCC) Revised Article 9-105.

• The Company’s business process provides the ability to create Electronic Original documents that are unique, identifiable, authentic and unalterable. These documents survive the execution of the transaction and serve as permanent, original source records in electronic form.  Electronic Original documents are as authentic and trustworthy as signed, legally enforceable paper documents.

• eOriginal has enabled the fully electronic presentation, signing, vaulting, management and transfer of ownership for nearly 500,000 finance transactions, without error, totaling over $10 Billion, including the securitization of approximately $2 Billion automotive negotiable instruments into secondary markets.