The act applies to transactions between parties who have agreed to conduct transactions by electronic means. Such an agreement may not be contained in a standard form contract. The new law does not apply to the documentation of condominiums, home solicitation contracts, home equity contracts, consumer credit transactions, retail installment sales, trust deeds, or automobile loans or leases. If a law requires that a record be posted, displayed or transmitted in a specific way, that law controls. Under the new law, bids may be processed, offers may be accepted and contracts formed electronically.
Signatures transmitted by fax are effective.
County recorders are authorized to accept documents filed electronically. Our dreary old preliminary 20-day notices, stop notices, notices of nonresponsibility and stop work orders still must be delivered, mailed or posted as required by statute. And speaking of preliminary 20-day notices. As I was going up the stair I met a man who wasn't there. He wasn't there again today.