Legal Validity of E-signed Promissory Notes

[pamela_8652]

We are an SBA Lender about to implement Adobe Acrobat E-Sign for all our Loan Documents, including Promissory Notes.  Have any Lenders been challenged in a court of law on the validity of E-signed loan documents and promissory notes?

[try67]

You should consult with a lawyer specializing in this field. The answer will depend on your location (which we don't know) as well as many other factors.

[pamela_8652]

Thank you, Try67, for your quick reply!  One attorney recommended eVaulting of signed documents. I see that Adobe Acrobat Sign partners with eOriginal which allows for archiving signed documents in a secure digital vault. Is eOriginal automatically included with Adobe Acrobat Sign?  Or, must we purchase a separate license for eOriginal? 

[try67]

Sorry, I don't know the answer to that.

[try67]

Try asking in the Acrobat Sign forum.

[pamela_8652]

Thank you Try67. I chatted with Adobe and learned that Adobe Acrobat Sign partners with eOriginal; however, it is not automatically included in all forms of Acrobat Sign. Adobe advised I reach out to the vendors with whom we're working to verify if eOriginal is included. I'm waiting on answers from the vendors. Appreciate your help.