15 U.S.C. § 1693j
Suspension of obligations
If a system malfunction prevents the effectuation of an electronic fund transfer initiated by a consumer to another person, and such other person has agreed to accept payment by such means, the consumer’s obligation to the other person shall be suspended until the malfunction is corrected and the electronic fund transfer may be completed, unless such other person has subsequently, by written request, demanded payment by means other than an electronic fund transfer.
Notes of Decisions
Cited in 1
case, 2007–2007 · leading case: Household Fin. Realty Corp. v. Dunlap, 15 Misc. 3d 659 (N.Y. Sup. Ct. 2007).
Household Fin. Realty Corp. v. Dunlap, 15 Misc. 3d 659 (N.Y. Sup. Ct. 2007). “He contends that, under 15 USC § 1693j, his obligations to plaintiff were suspended because there had been a “system malfunction” which prevented him from effectuating his electronic fund transfer to the bank.”
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