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§ 6122. Consumer protections

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and BankingEffective: May 3, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Miscellaneous Laws
Chapter 53. Transmitting Money or Credit (Refs & Annos)
Electronic Funds Transfer Systems
Effective: May 3, 2017
7 P.S. § 6122
§ 6122. Consumer protections
Currentness
When wages, salaries, commissions or other payments are transferred to an account at a financial institution as described in section 1.1:1
(1) the financial institution holding the account to which transfers are made shall provide the employee or other payee with the disclosures, notices of transfer, change in term notices, access to account information and other consumer protections to the extent required by 12 CFR Part 1005 (relating to electronic fund transfers (Regulation E)); and
(2) an employer shall provide an employee with a written or electronic statement of earnings and deductions each pay period in accordance with applicable law.

Credits

1975, Dec. 19, P.L. 604, No. 173, § 2, imd. effective. Amended 2016, Nov. 4, P.L. 1210, No. 161, § 3, effective in 180 days [May 3, 2017].

Footnotes

1
7 P.S. § 6121.1.
7 P.S. § 6122, PA ST 7 P.S. § 6122
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document