Business Glossary-Term List

The unique, identifiable, and unalterable copy of the Transferrable Record (eNote) maintained within the Control environment established by the Controller. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage

An electronic file that contains the Public Key, the name of the certificate holder (which may be either a person or a system name), and a date range during which the certificate can be considered valid as well as the Digital Signature of a Certificate Authority for Authentication, which provides assurance that the Public Key belongs to the entity to which the certificate was issued. A Digital Certificate may also be referred to as a Public Key Certificate.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

A document that is created, accessed, presented, and/or signed electronically. An eDoc may be a paper document that is converted to an electronic form.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

A contract or other record created, generated, accessed, sent, communicated, received, or stored by electronic means.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

See Transferable Record. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

Additional terms in the text of the eNote to comply with ESIGN and UETA, also known as �eNote Language�

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage

A Negotiable Instrument is defined in Article 3 of the Uniform Commercial Code. Most Transferrable records related to first mortgage loans are intended to be Negotiable Instruments.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

PDF Advanced Electronic Signatures.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage

A written unconditional promise to pay a specified sum of money in accordance with the terms of the writing.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

See Digital Certificate.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage

Information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

An Electronic Record under ESIGN and UETA that (1) would be a Promissory Note under the Uniform Commercial Code if the Electronic Record were in writing; (2) the issuer of the Electronic Record expressly has agreed is a Transferable Record; and (3) for purposes of ESIGN, relates to a loan secured by real property. A Transferable Record is also referred to as an eNote. (Refer to Section 16 of UETA and in Title II, Section 201 of E-SIGN.) This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage

XML Advanced Electronic Signatures

Term Source: MISMO eMortgage

Term Type: Document, Other

Focus Area: #eMortgage