Digitally Executed Promissory Notes (DEPNs)
DEPNs Overview
The Digitally Executed Promissory Notes (DEPNs) webpage provides information and resources to help members pledge loans that were executed using a digital signature.
Under our eNotes program, members may pledge residential one- to four-family first mortgages and amortizing second mortgages.
With our Digital Notes program, eligibility expands to include notes in the multifamily, commercial real estate, land, residential construction and home equity/HELOC loan categories.
Please note that imaged or scanned notes are not eligible.
Detailed requirements are available in the DEPNs Collateral Requirements and Guidelines, and additional resources can be found on the eNotes page.
For assistance, contact Collateral Services at 800.541.0597 or enotes@fhlb.com.
Promissory Note Eligibility
This table summarizes which loan types can be pledged using original, wet and digitally signed promissory notes. Imaged/scanned versions are not accepted as replacements for the original promissory notes.
Please refer to the Digitally Executed Promissory Notes Collateral Requirements and Guidelines; see FHLBank Dallas DEPNs resource page for details.
Loan Type |
Wet-Signature | Digital Signature* |
|
Residential One- to Four-Family First Mortgages |
Yes | eNotes |
|
Residential One- to Four-Family Second Mortgages |
Yes | eNotes |
|
Multifamily |
Yes | Digital Note |
|
Commercial Real Estate |
Yes | Digital Note |
|
Land |
Yes | Digital Note |
|
Residential Construction |
Yes | Digital Note |
|
Home Equity/HELOC |
Yes | Digital Note |
|
Small Business |
Yes | No |
|
Small Farm |
Yes | No |
