Regulation E: Federal regulation governing electronic fund transfers, part of the Electronic Fund Transfer Act. Sets rules for electronic transaction processing and consumer rights.
NACHA Operating Rules: Comprehensive rules and guidelines set by the National Automated Clearing House Association for ACH network participants, including security requirements and transaction processing standards.
UCC Article 4A: Uniform Commercial Code Article governing fund transfers, specifically dealing with commercial/business electronic payments and rights/responsibilities of parties involved.
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, including Know Your Customer (KYC) requirements.
FTC Regulations: Federal Trade Commission requirements for clear disclosures and fair business practices in financial transactions and authorizations.
State-Specific Requirements: Various state-level regulations governing electronic fund transfers and additional disclosure requirements that may vary by jurisdiction.
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive customer data.
Authorization Requirements: Essential elements required in the form including clear authorization language, transaction details, timing, and revocation rights.
Record Retention Rules: Requirements for maintaining documentation of ACH authorizations and related transactions for specified periods.
Privacy Requirements: Mandatory privacy notices and data protection measures required by federal and state laws for handling financial information.
