The Electronic Signatures in Global and National Commerce Act, which former President Bill Clinton aptly signed into law in June of 2000 using digital signature technology, has been slow to transform how home mortgages are closed, especially in New England.
“All of us in the industry,” said Edmond R. Browne, vice president for legal and industry affairs for Connecticut Attorneys Title Insurance Co. (CATIC), “got caught up in the hype,” predicting the law would prompt an immediate groundswell of support for electronic closings.
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