payroll card account established at a financial
institution designated by the employer; and
(v) include any forms and instructions necessary for
the employee to designate the account in a financial
institution of the employee's choosing to receive
payment.
(c) Failure to designate financial institution.--If an
employee does not designate a financial institution at least
seven days prior to the payday specified under subsection (b)(2)
(iv), the employer may pay all wages, salaries or commissions
due to the employee to a payroll card account established at a
financial institution designated by the employer that complies
with the requirements of section 2.1 or temporarily by
negotiable check, in the discretion of the employer. Before
initially enrolling an employee in a payroll debit card account
in accordance with 12 CFR Pt. 1005 (relating to electronic fund
transfers (Regulation E)) and 83 Fed. Reg. 30, 6364 (February
13, 2018) (relating to rules concerning prepaid accounts under
the Electronic Fund Transfer Act (Regulation E)), the employer
shall offer the employee the opportunity to designate the
account in a financial institution to receive payment in
accordance with subsection (b).
Section 2. Consumer protections.
When wages, salaries, commissions or other payments are
transferred to an account at a financial institution as
described in section 1.1:
(1) the financial institution holding the account to
which transfers are made shall provide the employee or other
payee with the disclosures, notices of transfer, change in
term notices, access to account information and other
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