Consumer Real Estate Lending Transactions:
The TRID rule permits electronic delivery of the TRID disclosures in compliance with the ESIGN Act. The Registered Receipt™ email has the capability to authenticate and accurately reproduce the original e-mail and attachments, including any attached disclosures, which satisfies the ESIGN Act’s retention and accurate reproduction requirements. Accordingly, as the Registered Receipt™ email can be provided to third parties and used to authenticate the content and attachments to the e-mail, creditors can retain the e-mail to enable access to parties entitled to access to such records for the period required by law, which satisfies the ESIGN Act’s access requirements. In addition, the Registered Receipt™ email can provide evidence of the date of delivery of the e-mail. Thus, the Registered Receipt™ email should generally enable creditors to satisfy the record retention requirements under the TRID rule with respect to the delivery of the TRID disclosures. To request a review of this report, please contact RPost.