---
type: "LegalText"
title: "15 U.S.C. § 1693k"
description: "Compulsory use of electronic fund transfers"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 15
title_name: "COMMERCE AND TRADE"
chapter_number: "41"
chapter_name: "CONSUMER CREDIT PROTECTION"
section: "1693k"
citation: "15 U.S.C. § 1693k"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
source_identifier: "/us/usc/t15/s1693k"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "efffdc71904236f859bc79804d654d69ba71a3b5fbcbbcc382540b7ae202a7ba"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "64126eb7c6b1f24c9328cf0b2376994e41c93732a6a44006e9ea69ea27a06f04"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 15 U.S.C. § 1693k - Compulsory use of electronic fund transfers

## Text

No person may—

(1) condition the extension of credit to a consumer on such consumer’s repayment by means of preauthorized electronic fund transfers; or

(2) require a consumer to establish an account for receipt of electronic fund transfers with a particular financial institution as a condition of employment or receipt of a government benefit.

(Pub. L. 90–321, title IX, § 913, as added Pub. L. 95–630, title XX, § 2001, Nov. 10, 1978, 92 Stat. 3737.)