Pub. L. 90-321, tit. IX, sec. 913 (as amended)

Compulsory use of electronic fund transfers

Year: 2025Length: 65 wordsOfficial source
§ 913. [15 U.S.C. 1693k] Compulsory use of electronic fund transfers 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.
Cross-references to the US Code
15 U.S.C. 1693k
Pub. L. 90-321, tit. IX, sec. 913 (as amended): Compulsory use of electronic fund transfers | Justis AI