Electronic Fund Transfer Act

URI: https://gptkb.org/entity/Electronic_Fund_Transfer_Act

GPTKB entity

Statements (43)

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:administeredBy	gptkb:Consumer_Financial_Protection_Bureau gptkb:Federal_Reserve_Board
gptkbp:alsoKnownAs	gptkb:EFTA
gptkbp:amendedBy	gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
gptkbp:appliesTo	financial institutions consumers electronic payment systems
gptkbp:category	gptkb:United_States_federal_law gptkb:Consumer_protection_law Banking law
gptkbp:citation	gptkb:15_U.S.C._§_1693
gptkbp:codifiedIn	gptkb:15_U.S.C._§_1693_et_seq.
gptkbp:dateEnacted	1978
gptkbp:enables	regulatory enforcement private right of action
gptkbp:enactedBy	gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label	Electronic Fund Transfer Act
gptkbp:limitsLiability	$50 if reported within 2 business days $500 if reported within 60 days
gptkbp:protectedBy	consumers using electronic fund transfer services
gptkbp:providesFor	consumer liability limits for unauthorized transfers disclosure requirements error resolution procedures procedures for lost or stolen cards
gptkbp:publicLawNumber	gptkb:95-630
gptkbp:purpose	protect consumers engaging in electronic fund transfers
gptkbp:regulates	ATM transactions debit card transactions electronic fund transfers point-of-sale transfers preauthorized transfers telephone transfers
gptkbp:relatedTo	gptkb:Regulation_E
gptkbp:requires	clear disclosure of terms and conditions documentation of transfers investigation of errors notification of changes in terms
gptkbp:signedBy	gptkb:Jimmy_Carter
gptkbp:subject	federal preemption over state laws
gptkbp:title	gptkb:Title_XX_of_the_Financial_Institutions_Regulatory_and_Interest_Rate_Control_Act_of_1978
gptkbp:bfsParent	gptkb:Consumer_Financial_Protection_Bureau
gptkbp:bfsLayer	5