15 USC § 1693k - Compulsory use of electronic fund transfers

---
identifier: "/us/usc/t15/s1693k"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 1693k - Compulsory use of electronic fund transfers"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "1693k"
section_name: "Compulsory use of electronic fund transfers"
chapter_number: 41
chapter_name: "CONSUMER CREDIT PROTECTION"
subchapter_number: "VI"
subchapter_name: "ELECTRONIC FUND TRANSFERS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 90–321, title IX, § 913, as added Pub. L. 95–630, title XX, § 2001, Nov. 10, 1978, 92 Stat. 3737.)"
---


# § 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.

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**Source Credit**: (Pub. L. 90–321, title IX, § 913, as added Pub. L. 95–630, title XX, § 2001, Nov. 10, 1978, 92 Stat. 3737.)