WASHINGTON - The Federal Deposit Insurance Corp. issued a financial advisory letter Thursday outlining steps banks must take before using the new e-signatures law.

The law, which makes electronic records and signatures legal in most situations, went into effect Oct. 1.

In a letter to FDIC-supervised institutions, Steve Cross, FDIC director of the division of compliance and consumer affairs, told banks that they must provide specific information to consumers before customers give consent to obtain their information electronically. That includes telling customers of their rights to disclosure in paper form and explaining how to withdraw from having records provided electronically, Mr. Cross wrote.

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