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What is the legal effect of electronic signatures in Illinois as of 2001?

  1. They are not legally binding

  2. They require additional notarization

  3. They are equivalent to hand-rendered signatures

  4. They are only valid for certain documents

The correct answer is: They are equivalent to hand-rendered signatures

Electronic signatures in Illinois are equivalent to hand-rendered signatures as of 2001. This means that electronic signatures hold the same legal weight and validity as signatures done by hand. This recognition of electronic signatures helps streamline and simplify the process of signing documents, making them more convenient and efficient.