Published: 2015

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Part 1 Subject Matter and Definitions.

Section 7-4A-101 Short title.

Section 7-4A-103 Payment order - Definitions.

Section 7-4A-102 Subject matter.

Section 7-4A-104 Funds transfer - Definitions.

Section 7-4A-105 Other definitions.

Section 7-4A-106 Time payment order is received.

Section 7-4A-107 Federal Reserve regulations and operating circulars.

Section 7-4A-108 Applicability to consumer transactions governed by federal law.

Part 2 Issue and Acceptance of Payment Order.

Section 7-4A-201 Security procedure.

Section 7-4A-202 Authorized and verified payment orders.

Section 7-4A-203 Unenforceability of certain verified payment orders.

Section 7-4A-204 Refund of payment and duty of customer to report with respect to unauthorized payment order.

Section 7-4A-205 Erroneous payment orders.

Section 7-4A-206 Transmission of payment order through funds-transfer or other communication system.

Section 7-4A-207 Misdescription of beneficiary.

Section 7-4A-208 Misdescription of intermediary bank or beneficiary's bank.

Section 7-4A-209 Acceptance of payment order.

Section 7-4A-210 Rejection of payment order.

Section 7-4A-211 Cancellation and amendment of payment order.

Section 7-4A-212 Liability and duty of receiving bank regarding unaccepted payment order.

Part 3 Execution of Sender's Payment Order by Receiving Bank.

Section 7-4A-301 Execution and execution date.

Section 7-4A-302 Obligations of receiving bank in execution of payment order.

Section 7-4A-303 Erroneous execution of payment order.

Section 7-4A-304 Duty of sender to report erroneously executed payment order.

Section 7-4A-305 Liability for late or improper execution or failure to execute payment order.

Part 4 Payment.

Section 7-4A-401 Payment date.

Section 7-4A-402 Obligation of sender to pay receiving bank.

Section 7-4A-403 Payment by sender to receiving bank.

Section 7-4A-404 Obligation of beneficiary's bank to pay and give notice to beneficiary.

Section 7-4A-405 Payment by beneficiary's bank to beneficiary.

Section 7-4A-406 Payment by originator to beneficiary; discharge of underlying obligation.

Part 5 Miscellaneous Provisions.

Section 7-4A-501 Variation by agreement and effect of funds-transfer system rule.

Section 7-4A-502 Creditor process served on receiving bank; setoff by beneficiary's bank.

Section 7-4A-503 Injunction or restraining order with respect to funds transfer.

Section 7-4A-504 Order in which items and payment orders may be charged to account; order of withdrawals from account.

Section 7-4A-505 Preclusion of objection to debit of customer's account.

Section 7-4A-506 Rate of interest.

Section 7-4A-507 Choice of law.

Part 6 Uniformity.

Section 7-4A-601 Uniformity of application and construction.