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Um, no. They do full ID verification as well. If you pay for it.
by baz00 3y ago
Um, no. They do full ID verification as well. If you pay for it.
- judge2020 3y agoWhere is that required? Maybe POAs? At least Florida and Georgia real estate law (the only ones I'm familiar with) don't require anything of the sort for any of the paperwork (before closing).
- baz00 3y agoThey certainly don't require it but it tends to be used in other transactions where SEC is going to hang you for example.
- jkepler 3y agoAnd my memory of Florida law (when I was signing an apartment rental contract 4 years ago) was that any electronic signature agreed to by the contracting parties was valid. So I simply typed my name in the contract, emailed it to my landlord, and we were done. Of course, I also used https:/.opentimestamps.org to store the hash of our contract on bitcoin's block chain, because that way we both had proof that the contract existed in a certain form on that date. (I never needed that proof, because he was a good landlord, and I paid rent on time.)
- judge2020 3y agoWhile probably enough to prove it existed, you'd probably need to pay a lot for an expert witness to testify to "hash of file on blockchain means it existed" if you did have to go to court over the existence of the contract.
- tiahura 3y agoInteresting, my mom just sold her house and there was no verification. My point stands, legally either a signature has to be notarized or it doesn't. If it doesn't, any signature can be effective. I'll agree that 3rd party hosting provides an element of independence, however, legally it's not required, and could be done by anyone. E.g., a self-hosting a solution that required the signer to upload a video of them clicking I AGREE would provide just as much certainty as anything Docusign can.
- ian0 3y agoAn optional paid feature that not many people seem to use isnt a deal breaker really.