{
  "node_id": "us-15-usc-1693e-efta-preauthorized-transfers-stop-payment",
  "title": "US Electronic Fund Transfer Act - 15 USC 1693e Preauthorized Transfers and Stop-Payment Rights",
  "domain": "Banking & Global Finance",
  "version": "1.0.0",
  "last_updated": "2026-06-05",
  "bluf": "15 USC 1693e titled 'Preauthorized transfers' is the Electronic Fund Transfer Act (EFTA) provision that governs recurring electronic debits from a consumer's account and the consumer's stop-payment right. Subsection (a) provides that 'a preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made.' The statute further provides that a consumer may stop payment of a preauthorized electronic fund transfer 'by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer.' The financial institution may require the consumer to give written confirmation of an oral stop-payment notification within fourteen days of the oral notification, provided that the consumer is notified of this requirement and the address where the confirmation must be sent when the consumer gives the oral notification. The provisions are operationalised in 12 CFR Part 1005 (Regulation E), particularly §1005.10 which governs preauthorized transfers and §1005.10(c) which implements the stop-payment right. Section 1693e is central to consumer protection in subscription billing, recurring debits, and any merchant-driven electronic debit pattern, and provides the statutory backstop for the consumer's right to control recurring authorizations on the consumer's deposit account.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "industry_mapping",
      "related_frameworks"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "us-electronic-fund-transfer-act"
  ],
  "primary_citations_count": 6
}