Connecticut General Statutes 47a-4c – Landlord prohibited from requiring electronic funds transfer as exclusive form of payment
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For any lease or rental agreement executed on or after October 1, 2013, no landlord of residential real property shall require electronic funds transfer as the exclusive form of payment of rent or a security deposit. For purposes of this section, “electronic funds transfer” means any transfer of funds that is initiated through an electronic terminal, telephone or computer or magnetic tape so as to order, instruct or authorize a financial institution to debit or credit an account but shall not include any transfer originated by check, draft or similar paper instrument.
Terms Used In Connecticut General Statutes 47a-4c
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- Landlord: means the owner, lessor or sublessor of the dwelling unit, the building of which it is a part or the premises. See Connecticut General Statutes 47a-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Rent: means all periodic payments to be made to the landlord under the rental agreement. See Connecticut General Statutes 47a-1
- Rental agreement: means all agreements, written or oral, and valid rules and regulations adopted under §. See Connecticut General Statutes 47a-1