Legal regulation of collection settlements

The current economic situation in the Russian Federation has influenced, among other things, the behavior of consumer citizens, as well as the active use of the institution of non-cash payments. It should be noted that the collection form of payment has lost its relevance and priority, giving way to payments that occur at the request of bank account holders. This is explained by the will of the participants in payment orders, and, accordingly, civil law relations. With the improvement of automation of banking operations since the 70s, many countries have used an electronic payment system, which is used to perform any payment or credit transactions, as well as control over bank accounts through the transmission of electronic signals. At the moment, the electronic money transfer system uses automatic banking machines, with the help of which the bank's client can independently connect to the banking computer and carry out various operations. The article analyzes the legislative regulation of settlements for collection, examines the provisions of the legal norms that establish the procedure for settlements for collection, analyzes the features of the legal regulation of this method of payment. The provisions of the articles of legislation regulating settlements for collection are analyzed. A proposal is put forward to improve the legislation of the Russian Federation in terms of collection settlements.