{"data":{"id":"us/12-cfr-205.5","jurisdiction":"us","citation":"12 CFR 205.5","heading":"Issuance of access devices.","body":"(a) Solicited issuance. Except as provided in paragraph (b) of this section, a financial institution may issue an access device to a consumer only:\n(1) In response to an oral or written request for the device; or\n(2) As a renewal of, or in substitution for, an accepted access device whether issued by the institution or a successor.\n(b) Unsolicited issuance. A financial institution may distribute an access device to a consumer on an unsolicited basis if the access device is:\n(1) Not validated, meaning that the institution has not yet performed all the procedures that would enable a consumer to initiate an electronic fund transfer using the access device;\n(2) Accompanied by a clear explanation that the access device is not validated and how the consumer may dispose of it if validation is not desired;\n(3) Accompanied by the disclosures required by § 205.7, of the consumer's rights and liabilities that will apply if the access device is validated; and\n(4) Validated only in response to the consumer's oral or written request for validation, after the institution has verified the consumer's identity by a reasonable means.","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 205—ELECTRONIC FUND TRANSFERS (REGULATION E)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"62f472a6d75c1484eca99b263c27511bcecac8209677418de6c30367a3cb78ee","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-205.4","next":"us/12-cfr-205.6"},"notice":"GroundRules: Original legal text. Not legal advice."}