Code · STATUTE-COMPILATIONS · safeguard the consumer in connection with the utilization of credit by requiring full disclosure of the terms and conditions of finance charges in credit transactions or in offers to extend credit; by · Sec. 913

Sec. 913. Compulsory use of electronic fund transfers

68 words·~1 min read·/statute-compilations/comps-260/sec-913

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## § 913 Compulsory use of electronic fund transfers **[**[15 U.S.C. 1693k](/us/usc/t15/s1693k)**]** 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.

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U.S. Code

Compulsory use of electronic fund transfers
§ 1693k

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Sec. 913

Compulsory use of electronic fund transfers

U.S.C.§ 1693k

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