### Question
Can you define what preauthorized electronic fund transfer means?


### Answer
**Preauthorized electronic fund transfer** is defined as the following in *15 U.S.C. § 1693a*:

> an electronic fund transfer authorized in advance to recur at substantially regular intervals

#### Citation:
  - *15 U.S.C. § 1693a*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER VI-ELECTRONIC FUND TRANSFERS**

