Sec. 2. Definitions
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account Section 903 of the Electronic Fund Transfer Act ( 15 U.S.C. 1693a ) is amended by striking paragraph
(2)and inserting the following: the term account — means— a demand deposit, savings deposit, or other asset account (other than an occasional or incidental credit balance in an open end credit plan, as defined in section 103(j)), as described in regulations of the Bureau, established primarily for personal, family, or household purposes, as defined by the Bureau, by rule; and a spending account, as defined in section 924(a); and does not include an account held by a financial institution pursuant to a bona fide trust agreement; . financial institution Section 903(9) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693a(9) ) is amended by striking holds an account and inserting manages, provides, or holds an account containing funds . Section 903 of the Electronic Fund Transfer Act ( 15 U.S.C. 1693a ) is amended— by redesignating paragraph
(4)(relating to the Board of Governors of the Federal Reserve System), as so designated by section 1084(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 ; 124 Stat. 2081), as paragraph (3); and in paragraph (3), as so redesignated, by striking term and inserting Bureau means the Bureau of Governors term . Board means the Board of Governors
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U.S. Code
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- Pub. L. 111-203
- 124 Stat. 2081
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