[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR205.1]

[Page 127-128]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 205_ELECTRONIC FUND TRANSFERS (REGULATION E)--Table of Contents
 
Sec. 205.1  Authority and purpose.




Sec.
205.1 Authority and purpose.
205.2 Definitions.
205.3 Coverage.
205.4 General disclosure requirements; jointly offered services.
205.5 Issuance of access devices.
205.6 Liability of consumer for unauthorized transfers.
205.7 Initial disclosures.
205.8 Change in terms notice; error resolution notice.
205.9 Receipts at electronic terminals; periodic statements.
205.10 Preauthorized transfers.
205.11 Procedures for resolving errors.
205.12 Relation to other laws.
205.13 Administrative enforcement; record retention.
205.14 Electronic fund transfer service provider not holding consumer's 
          account.
205.15 Electronic fund transfer of government benefits.
205.16 Disclosures at automated teller machines.
205.17 Requirements for electronic communication.

Appendix A to Part 205--Model Disclosure Clauses and Forms
Appendix B to Part 205--Federal Enforcement Agencies
Appendix C to Part 205--Issuance of Staff Interpretations
Supplement I to Part 205--Official Staff Interpretations

    Authority: 15 U.S.C. 1693b.

    Source: Reg. E, 61 FR 19669, May 2, 1996, unless otherwise noted.


    (a) Authority. The regulation in this part, known as Regulation E, 
is issued

[[Page 128]]

by the Board of Governors of the Federal Reserve System pursuant to the 
Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.). The information-
collection requirements have been approved by the Office of Management 
and Budget under 44 U.S.C. 3501 et seq. and have been assigned OMB No. 
7100-0200.
    (b) Purpose. This part carries out the purposes of the Electronic 
Fund Transfer Act, which establishes the basic rights, liabilities, and 
responsibilities of consumers who use electronic fund transfer services 
and of financial institutions that offer these services. The primary 
objective of the act and this part is the protection of individual 
consumers engaging in electronic fund transfers.