### Question
How is the term preauthorized electronic fund transfer defined?


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

> 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**

