### Question
What is the definition of preauthorized electronic fund transfer?


### Answer
The definition of **preauthorized electronic fund transfer** is as follows 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 40-DEPARTMENT OF COMMERCE > SUBCHAPTER VI-ELECTRONIC FUND TRANSFERS**

