§ 6A — Security options

Massachusetts § 6A

• Jurisdiction: Massachusetts
• Part I: ADMINISTRATION OF THE GOVERNMENT
• Title XXII: CORPORATIONS
• Ch. 167B: ELECTRONIC BRANCHES AND ELECTRONIC FUND TRANSFERS

Text

Section 6A. In order to promote the security of electronic fund transfers, financial institutions shall make available to consumers:(a) Options to limit the total amount of cash which can be withdrawn through the use of an electronic branch, from a consumer's account in a single day; provided, however, that if more than one consumer has been issued an access device to the consumer's account, such options may be made available to each such consumer. The options shall include, but need not be limited to, a limit of fifty dollars.(b) An option to limit access through an electronic branch to one or more specified accounts.