Digital Signature addendum

[Tim in NJ]

Does anyone have an standard addendum which explains the use and "authority" of the digital signature? I just had a client ask for it. I have been using the signature for about 6 months and no one ever asked for an explanation, although I think I have seen this addenda on some reviews I've done. Thanks for your help.

 

[Jo Ann Meyer Stratton]

I have the following canned statement in all my addendums that are sent electronically:

DIGITAL SIGNATURE:
The software programs used to transfer the report electronically provide digital signature security features for the appraiser signing the report. The appraiser thas has signed (affixed an electronic signature) to this report has ensured that the signature(is) is/are protected and the appraiser has maintained control of the signature. Electronically affixing a signature to a report carries the same level of authenticity and responsibility as an original ink signature on a paper copy report.

 

[Ben Vukicevich SRA]

Tim, fellow New Jerseysan, if that's what we're called,

I've also had several such requests. Point them to USPAP and give them the link to it which is on the forum. I'm not a USPAP guy so I can't quote scripture, I just know enough to stay out of "hell," but there is a blurb about digital signatures carrying the same weight as handwritten ones. The last one I did was about 6 months ago and the lender was happy with what they saw in USPAP.

I'm sure one of the USPAP guru's can point you to the exact line.

Ben

 

[Tom Hildebrandt]

Ben and Tim

Statement 8 which addressed electronic transmission of reports was retired 12 June 2001.

The remaining reference to electronic signatures that I know of is in the definitions of USPAP 2002 line 166-170. The comments say that a "digitized image controlled by a personal identification number, or other media, where the appraiser has sole personal control of affixing the signature" is ok.

Beyond this, there is not much guidance in USPAP, but some states have more stringent requirements.

Regards

Tom Hildebrandt GAA

 

[Ben Vukicevich SRA]

Tom,

Thanks for the "line" info from USPAP. I'm saving that one for the next mortgage moron that calls looking for it. I knew Statement 8 was gone because you had mentioned it before in prior posts on the subject.

See, I told you I only know enough "scripture" to keep me out of hell....................

Ok, you have USPAP 2002 already? You USPAP guys really are gluttons for punishment. LOL. I guess I'll have to wander over somewhere on the web and download the little 2002 treasure..

Ben

 

[jtrotta]

Tim (sample only)

"With regards to "Digital Signatures and/or Digital Photo's" in accordance to USPAP guidelines the information contained herein is in compliance with those requirements noted. As this software was not written by us, any computer/software problems that may occur (hackers-etc) are not under our total control and therefore, the information contained herein is deemed reliable, but not guaranteed".

Just a thought 8)