(a) Except as otherwise provided in (b) and (c) of this section, this chapter applies to electronic records and electronic signatures relating to a transaction.
Terms Used In Alaska Statutes 09.80.010
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(b) This chapter does not apply to a transaction to the extent it is governed by
(1) a law governing the creation and execution of wills, codicils, or testamentary trusts;(2) the Uniform Commercial Code other than Alaska Stat. § 45.01.306, Alaska Stat. Chapter 45.02, Alaska Stat. Chapter 45.12, and, to the extent allowed by Alaska Stat. § 45.07.113(c), Alaska Stat. Chapter 45.07.(c) This chapter applies to a transaction governed by 15 U.S.C. § 7001 – 7031 (Electronic Signatures in Global and National Commerce Act), but this chapter is not intended to limit, modify, or supersede 15 U.S.C. § 7001(c). To the extent excluded from the scope of 15 U.S.C. § 7001 – 7031 under 15 U.S.C. § 7003, this chapter does not apply to a notice to the extent that it is governed by a law requiring the furnishing of
(1) any notice of
(A) the cancellation or termination of utility services, including water, heat, and power;(B) default, acceleration, repossession, foreclosure, or eviction, or the right to cure, under a credit agreement secured by, or a rental agreement for, a primary residence of an individual;(C) the cancellation or termination of health insurance or benefits or life insurance benefits, excluding annuities; or(D) recall of a product, or material failure of a product, that risks endangering health or safety; or(2) a document to accompany any transportation or handling of hazardous materials, pesticides, or other toxic or dangerous materials.(d) This chapter applies to an electronic record or electronic signature otherwise excluded from the application of this chapter under (b) or (c) of this section to the extent it is governed by a law other than those specified in (b) or (c) of this section.(e) A transaction subject to this chapter is also subject to other applicable substantive law.
