MEDIA RELEASE – 9/23/2014
Electronic Signature and Records Association (ESRA) Plays Integral Role in Modernizing SBA Loan Processes
ESRA board member available to comment on recent SBA legislation
The Small Business Loan Simplification Act of 2014 was introduced on the floor of the U.S. House of Representatives on Thursday, September 18th. ESRA provided key insight and education to the House Committee for Small Business during a meeting in July, and last week offered its official support of this the bill to committee chairman Sam Graves.
Using its collective voice, ESRA shared industry context regarding the ESIGN Act, UETA and GPEA, reaffirming the existing laws already in place, and provided recommendations for the proposed legislation. If enacted by Congress, this legislation will effectively streamline the SBA loan application, underwriting and funding process.
Ken Moyle, ESRA public policy chair and chief policy officer for DocuSign can comment on the bill’s introduction and speak to topics including:
- Feedback from lenders and other financial institutions on the need for further adoption of electronic signatures and records;
- The Small Business Administration’s (SBA) new initiatives designed to streamline the loan process for all parties; and
- Overcoming misperceptions around the legality of e-signatures and electronic records.
ESRA was actively involved in the Federal Housing Administration’s (FHA) recently announced acceptance of electronic processes, the Consumer Financial Protection Bureau (CFPB) mortgage eClosing conversations, as well as last year’s IRS decision to accept electronic signatures on 4506-T, 8878, and 8879 forms.
Ken Moyle is board member and public policy chair, ESRA as well as chief policy officer, DocuSign. He is a leading authority on legal and practical implementations of electronic signatures and records, and frequently advises industry experts, regulators and lawmakers in developing policies for electronic signatures worldwide.
To schedule an interview with Ken Moyle, please contact Kathryn Farmer, Kathryn@williammills.com or 678.781.7208.
The Electronic Signature and Records Association (ESRA) is the premier trade association representing electronic signature and records industry adopters and providers. Founded in 2006, the organization’s primary mission is to educate its members and the public on legal, public policy, regulatory and operational issues in relation to the use of electronic signatures and records across various industries. For more information, visit www.esignrecords.org.