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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.






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