If a system malfunction prevents the effectuation 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.
Structure US Code
CHAPTER 41— CONSUMER CREDIT PROTECTION
SUBCHAPTER VI— ELECTRONIC FUND TRANSFERS
§ 1693. Congressional findings and declaration of purpose
§ 1693c. Terms and conditions of transfers
§ 1693d. Documentation of transfers
§ 1693e. Preauthorized transfers
§ 1693h. Liability of financial institutions
§ 1693i. Issuance of cards or other means of access
§ 1693j. Suspension of obligations
§ 1693k. Compulsory use of electronic fund transfers
§ 1693l–1. General-use prepaid cards, gift certificates, and store gift cards
§ 1693o. Administrative enforcement
§ 1693o–1. Remittance transfers
§ 1693o–2. Reasonable fees and rules for payment card transactions