StacksVerified U.S. regulatory reference

15 U.S.C. § 1693k

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
No person may—
  1. (1)condition the extension of credit to a consumer on such consumer’s repayment by means of preauthorized electronic fund transfers; or
  2. (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.