15 U.S.C. § 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 .) CFR Title Parts 14 374

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