With the advent of the E-Sign law, which permits electronic records and signatures, and the adoption of the Uniform Electronic Transactions Act, which parallels E-Sign in many significant respects, it would appear that we now have the legal infrastructure to enable electronic banking.

Why would we need another bill, such as the Uniform Computer Information Transactions Act, that covers much of the same ground? The law, like the Uniform Electronic Transactions Act, is proposed by the National Conference of Commissioners on Uniform State Laws for state-by-state enactment.

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