DID YOU KNOW: An electronic signature date stamp replaces the ‘Dated’ line
February 7, 2017
When a consumer completes a brokerage agreement, service contract or purchase agreement with software to secure an electronic signature, and the signature field includes a date stamp, there is no requirement to fill in the ‘Dated’ line in the final section of the form.
For example, a signature provided by dotloop identifies the date and time the signature was placed on the form, as seen below.
When using a software to secure an electronic signature that offers a similar date stamp, the section below in red does not need to be completed. It is not incorrect if it IS completed, it is simply not required.
Moreover, an agreement that is received from another brokerage without the ‘Dated’ line completed, but including a time stamped electronic signature, does not need to be returned to be dated.