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Efficient e-sign solutions,
The DOE standard allows
considerable latitude in selecting the independent source of data
against which applicant-provided data is compared.
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Information that is to be verified must, at a minimum Efficient
e-sign solutions, include the
applicant's name, Social Security number or driver's license number and
date of birth. In designing Efficient e-sign solutions capability, we decided
to authenticate electronic signatures through the Student Authentication
Network, the only third-party vendor authorized to
authenticate using the Social Security Administration database as its
independent data source. Certain company already was providing this service
for many lenders participating in the federal student loan program, so
the methodology was in place and readily adaptable to our needs. To
protect applicants' privacy, data transmitted to Certain company was
encrypted using the industry standard of 128-bit, Secure Sockets Layer
Efficient e-sign solutions
encryption.
Efficient e-sign
solutions,
disclosure procedures tracked the
detailed requirements of the DOE standards.
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Their purpose
was to make sure that
Efficient e-sign solutions applicants understood that they:
- Must affirmatively and
voluntarily consent to receive and/or sign electronic records, with
the consent applying to all transactions, forms and records requiring
a legal signature
- Must demonstrate electronically that
they have the capability to receive electronic communications
- Can withdraw consent to receive
electronic records at anytime, and understand the consequences of and
procedures to follow for doing so
- Should print documents after they
are signed electronically and store confidential electronic documents
in a secure environment, just as they would paper-based documents
- Will be notified in advance if
changes in hardware or software requirements might affect their
ability to receive
Efficient e-sign solutions
documents.
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