§205.5. Issuance of access devices.

In response to an oral or written request for the device; or

As a renewal of, or in substitution for, an accepted access device whether issued by the institution or a successor.

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;

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;

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

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.