15 USC 1693k: Compulsory use of electronic fund transfers
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*Public Law 119-75 has been enacted, but classifications have not been finalized. The currency ("laws in effect") date does not reflect acts for which classifications have not been finalized.

15 USC 1693k: Compulsory use of electronic fund transfers Text contains those laws in effect on February 10, 2026
From Title 15-COMMERCE AND TRADECHAPTER 41-CONSUMER CREDIT PROTECTIONSUBCHAPTER VI-ELECTRONIC FUND TRANSFERS
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§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, §913, as added Pub. L. 95–630, title XX, §2001, Nov. 10, 1978, 92 Stat. 3737 .)