E-Sign Policy

1. Introduction

The Electronic Signatures in Global and National Commerce (“E-Sign”) Act, a federal law, provides rules to create valid electronic records and signatures for transactions required to be provided to consumers in writing. The E-Sign Act permits electronic records in cases where a statute requires a writing so long as the consumer has affirmatively consented to receiving electronic records after receiving appropriate disclosures and has not withdrawn such consent.

The Uniform Electronic Transactions Act (the “UETA”), a model law created by the Uniform Law Commission, establishes the legal equivalence of electronic records and signatures with paper writings and manually signed signatures. To date, forty-nine states and the District of Columbia have adopted the UETA. By adopting the UETA, states can modify, limit or supersede some provisions of the E-Sign Act, including its consumer protection provisions.

Plata may provide applicants, customers and other third parties (collectively, Third Parties”) with electronic documents and disclosures and execute legally binding agreements using electronic signatures. This E-Sign Policy (this “Policy”) sets forth Plata Financial Inc.’s (“we,” “us,” “our,” or “Plata”) policies and requirements for adhering to the E-Sign Act and UETA as they pertain to our Platform and Services. Any capitalized terms used but not defined in this Policy have the same meanings as defined in our Terms of Service.

2. Requirements (15 U.S.C. § 7001)

2.1 Plata may choose to provide disclosures, legally binding contracts, or other documents legally required to be provided in writing (collectively, “Disclosures”) to Third Parties in electronic form if:

  • The Third Party has affirmatively consented to receive electronic Disclosures and has not withdrawn such consent;

  • The Third Party, prior to consenting, is provided with a clear and conspicuous statement of the following information:

    • Any right or option of the Third Party to have Disclosures provided or made available on paper or in a non-electronic form, and the right of the Third Party to withdraw consent to have the Disclosure provided or made available in an electronic form, including any conditions, consequences (which may include termination of the relationship) and fees in the event of such withdrawal;

    • Whether the Third Party’s consent to receive electronic Disclosures applies (1) only to the particular transaction that gave rise to the obligation to provide the Disclosures, or (2) to identified categories of Disclosures that may be provided or made available during the course of the parties’ relationship;

    • A description of the procedures the Third Party must use to withdraw consent and to update information needed to contact the Third Party electronically; and

    • How the Third Party, after giving consent, may, upon request, obtain a paper copy of a Disclosure, and whether any fee will be charged for that copy;

  • The Third Party, prior to consenting, is provided with a statement of the hardware and software requirements for access to and retention of the electronic Disclosures; and

  • The Third Party consents electronically, or confirms their consent electronically, in a manner that reasonably demonstrates that they can access information in the electronic form that will be used to provide the Disclosures that are the subject to their consent.

2.2 Any Third Party consent to receive electronic Disclosures must be provided by the Third Party in a form that is capable of being accurately reproduced by Plata for later reference, whether by transmission, printing, or otherwise.


2.3If Plata is legally required to provide, send, or deliver Disclosures in writing to a Third Party, Plata will provide, send, or deliver to the Third Party electronic Disclosures capable of retention by the recipient at the time of the receipt.


3. Changed Requirements (15 U.S.C. § 7001)

3.1 After a Third Party provides consent to receive electronic Disclosures in accordance with Section 2 above, if a change in the hardware or software requirements needed to access or retain electronic Disclosures creates a material risk that the Third Party will not be able to access or retain a subsequent electronic Disclosure that was subject to the consent:

  • Plata will provide the Third Party with (1) a statement of the revised hardware and software requirements, and (2) the right to withdraw consent without the imposition of any fees and without the imposition of any condition or consequence that was not disclosed under subsection 2.1 above; and

  • The Third Party must again provide consent to receive electronic Disclosures.

4. Content, Timing, and Proximity (15 U.S.C. § 7001; UETA, Section 8)

4.1 Any electronic Disclosure provided by Plata to a Third Party must comply with the timing requirements set forth in any applicable statute, regulation or other rule of law.

4.2 Any electronic Disclosure provided by Plata to a Third Party will comply with any proximity requests set forth in any statute, regulation, or other rule of law regarding a Disclosure that must be posted, displayed, or publicly fixed.

4.3 Any electronic Disclosure provided by Plata to a Third Party must comply with any applicable statute, regulation, or other rule of law regarding the method by which the Disclosure must be sent, communicated or transmitted.

4.4 Any electronic Disclosure provided by Plata to a Third Party must comply with any applicable statute, regulation or other rule of law regarding the format of the information.


5. Third Party Choice (UETA, Section 7)

5.1 Plata may not require a Third Party to receive electronic Disclosures or enter into an electronic contract if a statute, regulation, or other rule of law requires the Disclosure to be in writing.

5.2 A Third Party must be permitted to revoke its consent to conduct business electronically with regard to any Disclosure that the Third Party otherwise has a right to receive or execute in writing.

6. Retention (15 U.S.C. § 7001)

If a statute, regulation or other rule of law requires that a Disclosure be in writing, Plata must retain that Disclosure in a form that accurately reflects the information set forth in the Disclosure and is capable of being accurately reproduced for later reference by all parties or persons who are entitled to retain the Disclosure.

6.2 Any electronic Disclosure must be retained by Plata in compliance with all applicable statutes, regulations, or other rules of law relating to the subject matter of such Disclosure.

6.3 Plata must maintain transaction audit logs that contain information sufficient to verify that material events and actions occurred, and the dates and times they occurred, with respect to any transaction involving electronic Disclosures. However, Plata may elect to accept electronic Disclosures from Third Parties without examining or confirming the existence of transaction audit logs.

6.4 Conversion of Paper Records to Electronic Form

Any procedure established by Plata for converting paper Disclosures to electronic form must address the following: (1) whether, and under what circumstances or conditions, the converted paper Disclosures may be destroyed; (2) compliance with state and federal requirements regarding Disclosure retention, access and destruction; (3) secure, reliable, long-term access to the converted Disclosures; and (4) maintenance of data integrity in the conversion process.

6.5 Protection of Information

The delivery and display of electronic Disclosures containing nonpublic personal information or other confidential information shall comply with all applicable policies and procedures of Plata, including our Terms of Service, Privacy Policy and any other applicable policies and procedures related to information security and privacy.

7. Electronic Signatures

The process used to create an electronic signature must be designed so that it complies with any applicable statute, regulation or other rule of law. Any electronic signature must be attached or associated with the electronic Disclosure to which it is applied in a manner that permits a person reviewing the electronic Disclosure after signing to confirm that an electronic signature has been provided. The process used to create an electronic signature must also address authentication of the signer so as to properly support attribution of the electronic signature to the signer.

7.1 Intent to Sign

A Third Party using an electronic signature must be aware that they are creating a signature. In order to clearly establish intent, it is Plata’s policy to (1) include explicit language, either in the electronic Disclosure itself or presented along with the electronic Disclosure, evidencing the signer’s intent to sign, and (2) require the signer to take a separate action to sign for each separate electronic Disclosure when multiple signatures are necessary.

7.2 Attribution of Electronic Signature

Any system used to collect an electronic signature must be designed such that it can reasonably demonstrate that a particular individual created the electronic signature. The identity of the signer may be demonstrated in many ways, depending on the circumstances, which may include (1) using a reasonably effective procedure to identify the signer at the time the signer accesses the electronic Disclosure in order to review and sign it, or (2) using a credential for either accessing the electronic Disclosure before signing it or creating the electronic Disclosure.

7.3 Logical Association or Attachment of Electronic Signature

Any system used to collect an electronic signature must either logically associate the electronic signature with the Disclosure being signed, or in some manner attach evidence of the electronic signature to the Disclosure being signed. Examples of logical association include use of an audit log linking the electronic signature to the Disclosure and use of an index or identifying number to tie the electronic signature to the Disclosure. Examples of attaching an electronic signature include embedding a graphic symbol evidencing the signature in the Disclosure and employing a cryptographic hash using dual-key infrastructure to sign an electronic Disclosure.

8. Authentication

Whenever required by a Plata policy or any applicable statute, regulation or other rule of law, Plata will authenticate the identity of transaction participants using an authentication process in order to confirm that (1) the transaction participants are who they represent themselves to be, and (2) the transaction is legally enforceable The authentication method must appropriately address the particular circumstances of the transaction and mitigate the identified risks.

8.1 Credentials

Each individual who utilizes a secure system to access, review or sign an electronic Disclosure must be authenticated by the use of credentials each time that individual accesses the secure system. Any process for issuing or creating a credential should be designed and implemented so that no individual, other than the individual receiving the credential, is provided information as part of that process which is sufficient to access or re-create the credential. Each use of a credential should be recorded and retained as part of an audit log by the system.

8.2 Employee Access to Records

Each employee of Plata who will use a system either to (1) initiate the review and signing of electronic Disclosures by others, (2) sign electronic Disclosures on behalf of Plata, or (3) manage or review electronic Disclosures, will be provided access to the relevant system consistent with the employee’s roles and responsibilities.

9. Vendor Relationships

When using third-party vendors to perform any functions related to the creation, presentation, signing, transfer, maintenance, sending, receiving, retrieving and storing of electronic Disclosures or electronic signatures, Plata must adopt a risk management process that includes:

  • Proper due diligence to identify and select a third-party provider that can provide the above functions in accordance with this Policy and applicable law;

  • Contracts that outline duties, obligations and responsibilities of the parties involved, including compliance with this Policy by the vendor; and

  • Ongoing oversight of the third parties and third-party activities.

10. Responsible Parties

Plata's Board of Directors is responsible for approving and enforcing this Policy and will review and approve, as appropriate, updates to this Policy in compliance with applicable law. Plata's Chief Executive Officer is responsible for overseeing the day-to-day implementation of this Policy, as well as the procedures and controls established by Plata to implement this Policy and the underlying statutes, regulations and other rules of law. These responsibilities include:

  • Training employees on topics related to this Policy as applicable to their responsibilities, ensuring that appropriate employees complete the necessary training, and ensuring that training materials are up to date.

  • Reviewing this Policy at least annually and presenting any updates to the Board of Directors for approval, assessing the procedures designed to implement this Policy, and making appropriate changes to those procedures to ensure compliance with this Policy as well as any applicable statutes, regulations and other rules of law.

  • Promptly reporting any material issues or associated matters relating to this Policy to senior management or the Board of Directors, as appropriate.


11. How to contact us

Our Platform is owned and operated by Plata Financial, Inc. If you have any questions about our Services or these Terms write to us at 4300 Biscayne Blvd., Suite 203, Miami, Florida 33137 or email us at ayuda@conplata.com.

These Terms were last updated on July 11, 2025.