15 U.S.C. § 1693q : US Code - Section 1693Q: Relation to State laws

Search 15 U.S.C. § 1693q : US Code - Section 1693Q: Relation to State laws

This subchapter does not annul, alter, or affect the laws of any
State relating to electronic fund transfers, except to the extent
that those laws are inconsistent with the provisions of this
subchapter, and then only to the extent of the inconsistency. A
State law is not inconsistent with this subchapter if the
protection such law affords any consumer is greater than the
protection afforded by this subchapter. The Board shall, upon its
own motion or upon the request of any financial institution, State,
or other interested party, submitted in accordance with procedures
prescribed in regulations of the Board, determine whether a State
requirement is inconsistent or affords greater protection. If the
Board determines that a State requirement is inconsistent,
financial institutions shall incur no liability under the law of
that State for a good faith failure to comply with that law,
notwithstanding that such determination is subsequently amended,
rescinded, or determined by judicial or other authority to be
invalid for any reason. This subchapter does not extend the
applicability of any such law to any class of persons or
transactions to which it would not otherwise apply.