Section 8 – Disclosure of Terms and Conditions; Information Included

Section 8. (a) The terms and conditions of electronic fund transfers involving a consumer’s account shall be disclosed, in writing, before the consumer contracts for an electronic fund transfer service. Such disclosures shall be in readily understandable language and shall include, to the extent applicable: (1) the consumer’s liability for unauthorized electronic fund transfers and […]

Section 9 – Documentation of Transfers; Contents; Notice; Periodic Statements

Section 9. (a) For each electronic fund transfer initiated by a consumer from an electronic branch or point-of-sale terminal, the financial institution holding such consumer’s account shall, directly or indirectly at the time the transfer is initiated, make available to the consumer written documentation of such transfer. The documentation shall clearly set forth to the […]