15 U.S.C. § 1693k

Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)

Section 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.

15 U.S.C. § 1693k

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