Search

Chapter 62A.4A RCW

FUNDS TRANSFERS

RCW Sections

PART 1

SUBJECT MATTER AND DEFINITIONS
62A.4A-101Short title.
62A.4A-102Subject matter.
62A.4A-103Payment order -- Definitions.
62A.4A-104Funds transfer -- Definitions.
62A.4A-105Other definitions.
62A.4A-106Time payment order is received.
62A.4A-107Federal reserve regulations and operating circulars.
62A.4A-108Relationship to electronic fund transfer act.
PART 2

ISSUE AND ACCEPTANCE OF PAYMENT ORDER
62A.4A-201Security procedure.
62A.4A-202Authorized and verified payment orders.
62A.4A-203Unenforceability of certain verified payment orders.
62A.4A-204Refund of payment and duty of customer to report with respect to unauthorized payment order.
62A.4A-205Erroneous payment orders.
62A.4A-206Transmission of payment order through funds-transfer or other communication system.
62A.4A-207Misdescription of beneficiary.
62A.4A-208Misdescription of intermediary bank or beneficiary's bank.
62A.4A-209Acceptance of payment order.
62A.4A-210Rejection of payment order.
62A.4A-211Cancellation and amendment of payment order.
62A.4A-212Liability and duty of receiving bank regarding unaccepted payment order.
PART 3

EXECUTION OF SENDER'S PAYMENT ORDER

BY RECEIVING BANK
62A.4A-301Execution and execution date.
62A.4A-302Obligations of receiving bank in execution of payment order.
62A.4A-303Erroneous execution of payment order.
62A.4A-304Duty of sender to report erroneously executed payment order.
62A.4A-305Liability for late or improper execution or failure to execute payment order.
PART 4

PAYMENT
62A.4A-401Payment date.
62A.4A-402Obligation of sender to pay receiving bank.
62A.4A-403Payment by sender to receiving bank.
62A.4A-404Obligation of beneficiary's bank to pay and give notice to beneficiary.
62A.4A-405Payment by beneficiary's bank to beneficiary.
62A.4A-406Payment by originator to beneficiary; discharge of underlying obligation.
PART 5

MISCELLANEOUS PROVISIONS
62A.4A-501Variation by agreement and effect of funds-transfer system rule.
62A.4A-502Creditor process served on receiving bank; setoff by beneficiary's bank.
62A.4A-503Injunction or restraining order with respect to funds transfer.
62A.4A-504Order in which items and payment orders may be charged to account; order of withdrawals from account.
62A.4A-505Preclusion of objection to debit of customer's account.
62A.4A-506Rate of interest.
62A.4A-507Choice of law.

Notes:

     Reviser's note: Powers, duties, and functions of the department of general administration relating to financial institutions were transferred to the department of financial institutions by 1993 c 472, effective October 1, 1993. See RCW 43.320.011. The department of general administration was renamed the department of enterprise services by 2011 1st sp.s. c 43 ยง 107.