§ 1693k. — Compulsory use of electronic fund transfers.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1693k]
TITLE 15--COMMERCE AND TRADE
CHAPTER 41--CONSUMER CREDIT PROTECTION
SUBCHAPTER VI--ELECTRONIC FUND TRANSFERS
Sec. 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.
(Pub. L. 90-321, title IX, Sec. 913, as added Pub. L. 95-630, title XX,
Sec. 2001, Nov. 10, 1978, 92 Stat. 3737.)
