Payroll card definition

Payroll card means a record that evidences a

Payroll card means a record that evidences a payroll-card account

Payroll card means a record that evidences a payroll-card account as defined in Regulation E, 12 CFR Part 1005, as amended.

Examples of Payroll card in a sentence

• Payroll card entities and transactions have increased greatly over the years, in large part due to the evolving economy as well as companies seeking ways to cut costs and reduce the amount of paper used in daily operations.

• Payroll card accounts are assigned to an identifiable consumer and represent a recurring stream of payments that is likely the primary source of the consumer’s income.

• Payroll card" means a record that evidences a payroll card account as defined in Regulation E, 12 Code of Federal Regulations, Part 1005, as amended.[PL 2019, c.

• No link to credit] Payroll card accounts shall not be linked to any form of credit, including a loan against future pay or a cash advance on future pay.

• Minnesota has perhaps the most comprehensive.14 Payroll card issuers must file a notice with the Commission of Labor and Industry.

More Definitions of Payroll card

Payroll card means a record that evidences a payroll card account as defined in 12 C.F.R. Part 1005, Electronic Fund Transfers (Regulation E).

Payroll card means a record that evidences a payroll card account as defined in

Payroll card means a record that evidences a payroll-card account that is directly or

Payroll card means a card provided to an employee by an

Payroll card means a card issued to an employee by an employer or other payroll card issuer to access funds from the employee's employee payroll card account.

Payroll card means a record that evidences a payroll‑card account as defined in Regulation E, 12 C.F.R. Part 1005, as amended.

Payroll card means a record that evidences a payroll-card account that is directly or indirectly established through an employer and to which electronic fund transfers of the consumer's wages, salary, or other employee compensation, such as commissions, are made on a recurring basis, whether the account is operated or managed by the employer, a third-party payroll processor, a depository institution, or any other person.