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15 U.S.C. § 1693l — Waiver of rights

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15 U.S.C. § 1693l — Waiver of rights

No writing or other agreement between a consumer and any other person may contain any provision which constitutes a waiver of any right conferred or cause of action created by this subchapter. Nothing in this section prohibits, however, any writing or other agreement which grants to a consumer a more extensive right or remedy or greater protection than contained in this subchapter or a waiver given in settlement of a dispute or action.

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Source location: Title 15, Chapter 41, § 1693l; chapter-041-consumer-credit-protection.md

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1693l — Waiver of rights

Page 1653 TITLE 15—COMMERCE AND TRADE § 1693l–1 1 So in original. Probably should be ‘‘General-use’’. may be used to initiate an electronic fund trans- fer. (Pub. L. 90–321, title IX, § 911, as added Pub. L. 95–630, title XX, § 2001, Nov. 10, 1978, 92 Stat. 3736; amended Pub. L. 111–203, title X, § 1084(1), July 21, 2010, 124 Stat. 2081.) Editorial Notes AMENDMENTS 2010—Subsec. (b)(3). Pub. L. 111–203 substituted ‘‘Bu- reau’’ for ‘‘Board’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111–203 effective on the des- ignated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees. § 1693j. Suspension of obligations If a system malfunction prevents the effec- tuation of an electronic fund transfer initiated by a consumer to another person, and such other person has agreed to accept payment by such means, the consumer’s obligation to the other person shall be suspended until the malfunction is corrected and the electronic fund transfer may be completed, unless such other person has subsequently, by written request, demanded payment by means other than an electronic fund transfer. (Pub. L. 90–321, title IX, § 912, as added Pub. L. 95–630, title XX, § 2001, Nov. 10, 1978, 92 Stat. 3737.) § 1693k. Compulsory use of electronic fund trans- fers No person may— (1) condition the extension of credit to a consumer on such consumer’s repayment by means of preauthorized electronic fund trans- fers; or (2) require a consumer to establish an ac- count for receipt of electronic fund transfers with a particular financial institution as a condition of employment or receipt of a gov- ernment benefit. (Pub. L. 90–321, title IX,

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