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#2303901 - 12/09/24 04:14 PM Paid Off Loan Docs
CSB98 Offline
Diamond Poster
Joined: Dec 2003
Posts: 1,371
Wisconsin
Is there a WI statute that requires a bank to provide documentation that a loan has been paid off? Currently I believe we send a copy of the note indicating that it's been paid in full. If there is a requirement, we are wondering if this can be sent electronically to the customer rather than by snail mail.

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#2303906 - 12/09/24 05:03 PM Re: Paid Off Loan Docs CSB98
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,759
Galveston, TX
If there is a requirement to send them a notice or paid note, then it would have to be sent through a valid E-Sign system to send it electronically.
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