2. If the member allows the borrower to return a copy of the Agreement, rather than the original:

As an example, if the member sends the Agreement to the borrower, and the borrower is allowed to sign and return a scanned copy rather than the original document, the Agreement must include the following or similar electronic/facsimile signature language:

The parties hereto agree that delivery of a signature page to, or an executed counterpart of, this document by facsimile, email transmission of a scanned image or other electronic means, shall be effective as delivery of an originally executed counterpart, and shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based record keeping system, as the case may be, to the extent and as provided for in any applicable law.