transferable record

(1) Transferable record The term “transferable record” means an electronic record that— (A) would be a note under Article 3 of the Uniform Commercial Code if the electronic record were in writing; (B) the issuer of the electronic record expressly has agreed is a transferable record; and (C) relates to a loan secured by real property. A transferable record may be executed using an electronic signature.


15 USC § 7021(a)(1)

Scoping language

For purposes of this section
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