eContracting Service

eContracting Service. Means a product and/or service, which enables (i) multiple Lenders to allow Dealers to access, process, complete and source certain electronic Automobile loan and lease contracts and ancillary documents related thereto on-line and transmit such contracts and documents to one or more Lenders, (ii) one or more Lenders to receive electronic "authoritative" copies (as such term is used in Section 9-105 of the New York Uniform Commercial Code or any successor provision thereto) of Automobile loan... and lease contracts and/or securitize such loan and lease contracts, (iii) a person or entity which controls electronic "authoritative" copies (as such term is used in Section 9-105 of the New York Uniform Commercial Code or any successor provision thereto) of Automobile loan and lease contracts to access, view, store, add, delete, replace, track, pool, control, transfer, convert to a legally binding paper copy, print and/or restore such electronic "authoritative" copies of Automobile loan and lease contracts in a controlled system which logs all transactions associated therewith, and/or (iv) Lenders to access such Automobile loan and lease contracts in a manner to facilitate the pooling and/or transfer of such Automobile loans in a securitization. View More