FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER VI—ELECTRONIC FUND TRANSFERS

Compulsory use of electronic fund transfers

15 U.S.C. § 1693k
Title15Commerce and Trade
ChapterSUBCHAPTER VI—ELECTRONIC FUND TRANSFERS

This text of 15 U.S.C. § 1693k (Compulsory use of electronic fund transfers) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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15 U.S.C. § 1693k.

Text

No person may—

(1)condition the extension of credit to a consumer on such consumer's repayment by means of preauthorized electronic fund transfers; or
(2)require a consumer to establish an account for receipt of electronic fund transfers with a particular financial institution as a condition of employment or receipt of a government benefit.

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Source Credit

History

(Pub. L. 90–321, title IX, §913, as added Pub. L. 95–630, title XX, §2001, Nov. 10, 1978, 92 Stat. 3737.)

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15 U.S.C. § 1693k, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/1693k.