Examples of Payroll card account in a sentence
Definitions.7 The following words and phrases when used in this act shall 8 have the meanings given to them in this section unless the 9 context clearly indicates otherwise:10 "ATM." AN AUTOMATED TELLER MACHINE.11 "Financial institution." A bank, savings association or 12 credit union.13 "Payroll card account." An account that is directly or 14 indirectly established through an employer, to which transfers 15 of the employee's wages, salary, commissions or other 16 compensation are made.17 Section 2.
Checking, savings, or other consumer asset account held by a financial institution (directly or indirectly), including certain club accounts, established primarily for personal, family, or household purposes.b. Payroll card account, established through an employer (directly or indirectly), to which EFTs of the consumer’s wages, salary, or other employee compensation (such as commissions), are made on a recurring basis.
Checking, savings, or other consumer asset account held by a financial institution (directly or indirectly), including certain club accounts, established primarily for personal, family, or household purposes.b. Payroll card account, established through an employer (directly or indirectly), to which EFTs of the consumer’s wages, salary, or other employee compensation (such ascommissions), are made on a recurring basis.
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Account includes the following: • Checking, savings, or other consumer asset account held by a financial institution (directly or indirectly), including certain club accounts, established primarily for personal, family, or household purposes.• Payroll card account, established through an employer (directly or indirectly), to which EFTs of the consumer’s wages, salary, or other employee compensation (such as commissions), are made on a recurring basis.