To amend the Electronic Fund Transfer Act to provide that the endorsement, deposit, transfer, or other form of negotiation of a check by any consumer may not constitute the authorization of the consumer to make any preauthorized electronic fund transfer from the consumer's account and for other purposes.
Account Fraud and Deception Prevention Act of 1991 - Amends the Electronic Fund Transfer Act to prohibit preauthorized transfers from a consumer's account which are made on the basis of: (1) any form of negotiation of any check by the consumer; and (2) a provision contained on any check negotiated by a consumer.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Consumer Affairs and Coinage.
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