Unauthorized Electronic Fund Transfer Law and Legal Definition
The term "unauthorized electronic fund transfer" means an electronic fund transfer from a consumer's account initiated by a person without actual authority to initiate such transfer and from which the consumer receives no benefit, but the term does not include any electronic fund transfer (A) initiated by a person other than the consumer who was furnished with the card, code, or other means of access to such consumer's account by such consumer, unless the consumer has notified the financial institution involved that the transfers by such other person are no longer authorized, (B) initiated with fraudulent intent by the consumer or any person acting in concert with the consumer, or (C) which constitutes an error committed by a financial institution.
Legal Definition list
- Unauthorized Discharge [Energy]
- Unauthorized Disbursement
- Unauthorized Completion
- Unauthorized Commitment
- Unauthorized Assistance [Farm Service Agency]
- Unauthorized Electronic Fund Transfer
- Unauthorized Insurers Act
- Unauthorized Practice of Law
- Unauthorized Signature (Banking)
- Unauthorized Use of a Motor Vehicle
- Unavailability as a Witness
Related Legal Terms
- 107th Meridian Escrow Fund
- Additional Funds Needed [AFN]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
- Admissibility of Confessions Recorded by Electronic Means
- Adult Court Transfer
- Advance Refunding Offer
- Agreement for Electronic Presentment
- Angel Funding
- Animal Legal Defense Fund
