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In Response To:
Thread Starter: Elwood P. Dowd
Title: Re: Prohibition against requiring loan payment via ACH

Original Anon,

While you cannot require the use of ACH as a method of repayment, the regulation acknowledges you may offer more favorable terms if they do agree to use ACH. There's no need to be the naysayer who "breaks" a product when you can offer a built in alternative. Just tell them to wse the carrot instead of the stick.

Anon II?,

Your respondents have quoted the relevant section of Reg E; it contains no parallel restrictions regarding deposits...