Common use of Prohibition of Compulsory Use Clause in Contracts

Prohibition of Compulsory Use. No person may: require you to use a preauthorized electronic fund transfer as a condition of the extension of credit unless the credit is being extended in connection with an overdraft checking plan, or is being extended to maintain a specified balance in your account, or require you either to accept a transfer service or to establish an account, which is accessed electronically as conditions of employment or receipt of governmental benefit, or require you to pay electronically for the purchase of goods or services. If your account is to be credited by a preauthorized transfer you may choose the financial institution to which the transfer may be made, if the institution is technically capable of receiving such preauthorized transfer.

Prohibition of Compulsory Use. No person may: require -require you to use a preauthorized electronic fund transfer as a condition of the extension of credit unless the credit is being extended in connection with an overdraft checking plan, or is being extended to maintain a specified balance in your account, or require -require you either to accept a transfer service or to establish an account, account which is accessed electronically as conditions of employment or receipt of governmental benefit, or require -require you to pay electronically for the purchase of goods or services. If your account is to be credited by a preauthorized transfer you may choose the financial institution to which the transfer may be made, if the institution is technically capable of receiving such preauthorized transfer.

Prohibition of Compulsory Use. No person may: require -require you to use a preauthorized electronic fund transfer as a condition of the extension of credit unless the credit is being extended in connection with an overdraft checking plan, or is being extended to maintain a specified balance in your account, or - require you either to accept a transfer service or to establish an account, account which is accessed electronically as conditions of employment or receipt of governmental benefit, or require -require you to pay electronically for the purchase of goods or services. If your account is to be credited by a preauthorized transfer you may choose the financial institution to which the transfer may be made, if . If the institution is technically capable of receiving such preauthorized transfer.

Prohibition of Compulsory Use. No person may: - require you to use a preauthorized electronic fund transfer as a condition of the extension of credit unless the credit is being extended in connection with an overdraft checking plan, or is being extended to maintain a specified balance in your account, or - require you either to accept a transfer service or to establish an account, account which is accessed electronically as conditions of employment or receipt of governmental benefit, or - require you to pay electronically for the purchase of goods or services. If your account is to be credited by a preauthorized transfer you may choose the financial institution to which the transfer may be made, if the institution is technically capable of receiving such preauthorized transfer.

Prohibition of Compulsory Use. No person may: require -require you to use a preauthorized electronic fund transfer as a condition of the extension of credit unless the credit is being extended in connection with an overdraft checking plan, or is being extended to maintain a specified balance in your account, or - require you either to accept a transfer service or to establish an account, account which is accessed electronically as conditions of employment or receipt of governmental benefit, or require -require you to pay electronically for the purchase of goods or services. If your account is to be credited by a preauthorized transfer you may choose the financial institution to which the transfer may be made, if the institution is technically capable of receiving such preauthorized transfer.

Prohibition of Compulsory Use. No person may: - require you to use a preauthorized electronic fund funds transfer as a condition of the extension of credit unless the credit is being extended in connection with an overdraft checking plan, or is being extended to maintain a specified balance in your account, or - require you either to accept a transfer service or to establish an account, account which is accessed electronically as conditions of employment or receipt of governmental benefit, or - require you to pay electronically for the purchase of goods or services. If your account is to be credited by a preauthorized transfer you may choose the financial institution to which the transfer may be made, if the institution is technically capable of receiving such preauthorized transfer.