Definitions for "Regulation E"
A regulation issued by the Board of Governors of the Federal Reserve System. This regulation carries out the purposes of the Electronic Fund Transfer Act, of which the primary objective is the protection of individual consumers engaging in electronic fund transfers. Sales Draft: The paper form used by the merchant, and signed by the cardholder, to document the transaction
The regulation published by the Federal Reserve Bank to implement the Electronic Fund Transfer Act mandating consumer rights and obligation with regard to electronic fund transfers.
The regulation, all amendments thereto and official interpretations thereof (12 C.F.R. part 205) promulgated by the Board of Governors of the Federal Reserve System implementing Title IX of the Consumer Credit Protection Act (15 U.S.C. ยง 1601 et. seq.) which is known as the Electronic Fund Transfer Act.