Section 6: Consumer access to electronic fund transfer
87 words·~1 min read·
/ma/part-i/title-xxii/chapter-167b/6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6. A person shall not issue to a consumer an access device to the consumer's account for the purpose of initiating an electronic fund transfer other than:
(1)in response to a request or application therefor and upon verification of the consumer's identity, which may be by any reasonable means such as by photograph, fingerprint, personal visit, signature comparison or appropriate non-documentary means; or
(2)as a renewal of, or in substitution for, an accepted access device, whether issued by the initial issuer or a successor.