Under what electronic signature act is the Remax promissory note made and issued?

According to Remax's 2025 Franchise Disclosure Document, the promissory note is made and issued as a transferable record under the United States Electronic Signatures in Global and National Commerce and/or the Uniform Electronic Transactions Act or any other equivalent, applicable law. This means that Remax uses electronic signatures for its promissory notes, and these signatures are legally recognized under federal and state laws governing electronic transactions.

For a prospective Remax franchisee, this indicates that the promissory note, which is a legal agreement to repay a debt, can be signed electronically. This can streamline the process of entering into the franchise agreement and managing financial obligations with Remax. The franchisee should be aware of the implications of using electronic signatures and ensure they understand the terms of the promissory note before signing.

It's important to note that the promissory note is governed by the laws of the State of Colorado, as stated in the FDD. This means that any disputes related to the promissory note will be resolved under Colorado law. The franchisee should consult with an attorney to fully understand their rights and obligations under the promissory note and the relevant electronic signature laws.