PRINTER'S NO. 2124
No. 1679 Session of 2005
INTRODUCED BY SAYLOR, CREIGHTON, GEIST, GINGRICH, HENNESSEY,
ROHRER, WILT, YOUNGBLOOD AND E. Z. TAYLOR, JUNE 8, 2005
REFERRED TO COMMITTEE ON COMMERCE, JUNE 8, 2005
AN ACT
1 Amending the act of December 19, 1975 (P.L.604, No.173),
2 entitled "An act to facilitate the use of electronic funds
3 transfer systems by providing that credits to accounts in
4 financial institutions designated by recipients shall satisfy
5 legal requirements for payments by cash or checks," further
6 providing for payments in accordance with the act.
7 The General Assembly of the Commonwealth of Pennsylvania
8 hereby enacts as follows:
9 Section 1. The act of December 19, 1975 (P.L.604, No.173),
10 entitled "An act to facilitate the use of electronic funds
11 transfer systems by providing that credits to accounts in
12 financial institutions designated by recipients shall satisfy
13 legal requirements for payments by cash or checks," is amended
14 by adding a section to read:
15 Section 2.1. Notwithstanding any other provisions of this
16 act, an employer may pay wages, salaries, commissions or any
17 other form of compensation to an employee by credit to an
18 account in a bank, credit union or other financial institution
19 authorized to accept deposit or payment designated by the
20 employee. If the employee fails to designate an account for the
1 purposes of payment under this section, the employer may
2 designate an account for the purposes of payment.
3 Section 2. This act shall take effect in 60 days.
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