15 U.S.C. § 1693kChapter 41
§1693k. Compulsory use of electronic fund transfers
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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§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.
Last amended: December 31, 2024
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