[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR609.925]



[Page 51-52]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 609_ELECTRONIC COMMERCE--Table of Contents

 

                Subpart B_Interpretations and Definitions

 

Sec. 609.925  Definitions.



    We provide the following definitions that apply to the Act and its 

implementing regulations:

    (a) Electronic means relating to technology having electrical, 

digital, magnetic, wireless, optical, electromagnetic, or similar 

capabilities.

    (b) Electronic communication means a message that can be transmitted 

electronically and displayed on equipment



[[Page 52]]



as visual text. An example is a message displayed on a personal computer 

monitor screen. This does not include audio- and voice-response 

telephone systems.

    (c) Electronic business (E-business) or electronic commerce (E-

commerce) means buying, selling, producing, or working in an electronic 

medium.

    (d) Electronic mail (E-mail) means:

    (1) To send or submit information electronically; or

    (2) A communication received electronically.

    (e) Electronic signature means an electronic sound, symbol, or 

process, attached to or logically associated with a contract or other 

record and executed or adopted by a person with the intent to sign the 

record. Electronic signature describes a category of electronic 

processes that can be substituted for a handwritten signature.