Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

Search BankersOnline
using Google


MAIN CONTENT 

Compliance

Lending

Marketing

Operations

Security

Technology/eBanking







SHOP 


Banker Store


Bankers Info Ntwk


CONNECT 

Career Connect

Learning Connect

Guru Central


INTERACT 

Ask a Guru

Bankers Threads

Contact Us

Give Us Feedback


LEARN MORE 

About Our Sponsors

About Us



Print Friendly! Email This Article! Discuss NOW!



Regulation E - Electronic Fund Transfers

NOTE: Under the provisions of the Dodd-Frank Act, this regulation was republished by the Consumer Financial Protection Bureau effective 12/30/2011 at 12 CFR Part 1005.

[Click HERE for table of recent amendments and proposals.]

Sec. 205.1 - Authority and purpose.
Sec. 205.2 - Definitions.
Sec. 205.3 - Coverage.
Sec. 205.4 - General disclosure requirements; jointly offered services.
Sec. 205.5 - Issuance of access devices.
Sec. 205.6 - Liability of consumer for unauthorized transfers.
Sec. 205.7 - Initial disclosures.
Sec. 205.8 - Change in terms notice; error resolution notice.
Sec. 205.9 - Receipts at electronic terminals; periodic statements.
Sec. 205.10 - Preauthorized transfers.
Sec. 205.11 - Procedures for resolving errors.
Sec. 205.12 - Relation to other laws.
Sec. 205.13 - Administrative enforcement; record retention.
Sec. 205.14 - Electronic fund transfer service provider not holding consumer's account.
Sec. 205.15 - Electronic fund transfer of government benefits.
Sec. 205.16 - Disclosures at automated teller machines
Sec. 205.17 - Requirements for Overdraft Services
Sec. 205.18 - Requirements for Financial Institutions Offering Payroll Card Accounts.
Sec. 205.20 - Requirements for Gift Cards and Gift Certificates

Appendix A to Part 205--Model Disclosure Clauses and Forms
Appendix B to Part 205--Federal Enforcement Agencies
Appendix C to Part 205--Issuance of Staff Interpretations

Supplement I to Part 205--Official Staff Interpretations

Recent Federal Register documents affecting this regulation.
FR Citation Date Status Comments
76 FR 29902 5/23/11 Proposal;
comments due 7/22/11
Would create a new subpart B applicable to remittance transfer providers, to implement  919 of EFTA, added by  1073 of the Dodd-Frank Act. The rule would require certain disclosures and protections for consumers who use a remittance transfer provider to send funds electronically to a designated person in a foreign country. Comments to be transferred to CFPB for issuance of final rule.
75 FR 66644 10/29/10 Final;
Eff. 11/29/10
Amends 205.20 and OSC to implement legislation delaying the effective date of certain gift card disclosure requirements to 1/31/11, with conditions.
75 FR 50683 8/17/10 Interim Final;
Eff. 8//22/10;
Finalized 10/29/10 (see above)
Amends 205.20 and OSC to implement legislation delaying the effective date of certain gift card disclosure requirements to 1/31/11, with conditions.
75 FR 31665 &
75 FR 33681
6/4/10 &
6/15/10 (corrections)
Final Amends 205.17 and OSC to clarify aspects of 11/17/09 rule regarding OD fees on ATM and one-time debit card transactions.
75 FR 16580 4/1/10 Final;
Eff. 8/22/10
Adds 205.20. Implements Credit CARD Act restrictions on fees on prepaid gift cards and generally prohibits issuance of cards with expiration periods under five years.
75 FR 9120 3/1/10 Proposed;
Finalized 6/4/10 (see below)
Would clarify certain aspects of the 11/17/09 final rule prohibiting OD fees for ATM and one-time debit card transactions unless consumer opts in.
74 FR 60986 11/20/09 Proposed;
Finalized 4/1/10 (see below)
Would implement Credit CARD Act restrictions on fees on prepaid gift cards and prohibit issuance of cards with expiration periods under five years.
74 FR 59033 11/17/09 Final;
Eff. 1/19/10
Comp. 7/1/10
Added 205.17 prohibition on OD fees for ATM and one-time debit card transactions unless consumer opts in.
74 FR 5212 1/29/09 Proposed;
finalized 11/17/09
Would prohibit OD fees on ATM and one-time debit card transactions unless bank informs consumer of opt-out right and consumer doesn't opt out.






Privacy Policy    Disclaimer   Recommend This Site !   Contact Us


BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.