A financial institution shall notify a consumer in writing at least twenty-one days prior to the effective date of any change in any term or condition of the consumer’s account required to be disclosed under subsection (a) if such change would result in greater cost or liability for such consumer or decreased access to the consumer’s account. A financial institution may, however, implement a change in the terms or conditions of an account without prior notice when such change is immediately necessary to maintain or restore the security of an electronic fund transfer system or a consumer’s account. Subject to subsection (a)(3), the Bureau shall require subsequent notification if such a change is made permanent.
15 U.S. Code § 1693c. Terms and conditions of transfers
(a) Disclosures; time; form; contentsThe terms and conditions of electronic fund transfers involving a consumer’s account shall be disclosed at the time the consumer contracts for an electronic fund transfer service, in accordance with regulations of the Bureau. Such disclosures shall be in readily understandable language and shall include, to the extent applicable—
the type and nature of electronic fund transfers which the consumer may initiate, including any limitations on the frequency or dollar amount of such transfers, except that the details of such limitations need not be disclosed if their confidentiality is necessary to maintain the security of an electronic fund transfer system, as determined by the Bureau;
any charges for electronic fund transfers or for the right to make such transfers;
(10) a notice to the consumer that a fee may be imposed by—
(b) Notification of changes to consumer
(c) Time for disclosures respecting accounts accessible prior to effective date of this subchapterFor any account of a consumer made accessible to electronic fund transfers prior to the effective date of this subchapter, the information required to be disclosed to the consumer under subsection (a) shall be disclosed not later than the earlier of—
the first periodic statement required by section 1693d(c) of this title after the effective date of this subchapter; or
References in Text
1999—Subsec. (a)(10). Pub. L. 106–102 added par. (10).
 So in original. Probably should be “that”.