Article 4A

FUNDS TRANSFERS

Sections

PART 1
SUBJECT MATTER AND DEFINITIONS
HTMLPDF 62A.4A-101Short title.
HTMLPDF 62A.4A-102Subject matter.
HTMLPDF 62A.4A-103Payment orderDefinitions.
HTMLPDF 62A.4A-104Funds transferDefinitions.
HTMLPDF 62A.4A-105Other definitions.
HTMLPDF 62A.4A-106Time payment order is received.
HTMLPDF 62A.4A-107Federal reserve regulations and operating circulars.
HTMLPDF 62A.4A-108Relationship to electronic fund transfer act.
PART 2
ISSUE AND ACCEPTANCE OF PAYMENT ORDER
HTMLPDF 62A.4A-201Security procedure.
HTMLPDF 62A.4A-202Authorized and verified payment orders.
HTMLPDF 62A.4A-203Unenforceability of certain verified payment orders.
HTMLPDF 62A.4A-204Refund of payment and duty of customer to report with respect to unauthorized payment order.
HTMLPDF 62A.4A-205Erroneous payment orders.
HTMLPDF 62A.4A-206Transmission of payment order through funds-transfer or other communication system.
HTMLPDF 62A.4A-207Misdescription of beneficiary.
HTMLPDF 62A.4A-208Misdescription of intermediary bank or beneficiary's bank.
HTMLPDF 62A.4A-209Acceptance of payment order.
HTMLPDF 62A.4A-210Rejection of payment order.
HTMLPDF 62A.4A-211Cancellation and amendment of payment order.
HTMLPDF 62A.4A-212Liability and duty of receiving bank regarding unaccepted payment order.
PART 3
EXECUTION OF SENDER'S PAYMENT ORDER
BY RECEIVING BANK
HTMLPDF 62A.4A-301Execution and execution date.
HTMLPDF 62A.4A-302Obligations of receiving bank in execution of payment order.
HTMLPDF 62A.4A-303Erroneous execution of payment order.
HTMLPDF 62A.4A-304Duty of sender to report erroneously executed payment order.
HTMLPDF 62A.4A-305Liability for late or improper execution or failure to execute payment order.
PART 4
PAYMENT
HTMLPDF 62A.4A-401Payment date.
HTMLPDF 62A.4A-402Obligation of sender to pay receiving bank.
HTMLPDF 62A.4A-403Payment by sender to receiving bank.
HTMLPDF 62A.4A-404Obligation of beneficiary's bank to pay and give notice to beneficiary.
HTMLPDF 62A.4A-405Payment by beneficiary's bank to beneficiary.
HTMLPDF 62A.4A-406Payment by originator to beneficiary; discharge of underlying obligation.
PART 5
MISCELLANEOUS PROVISIONS
HTMLPDF 62A.4A-501Variation by agreement and effect of funds-transfer system rule.
HTMLPDF 62A.4A-502Creditor process served on receiving bank; setoff by beneficiary's bank.
HTMLPDF 62A.4A-503Injunction or restraining order with respect to funds transfer.
HTMLPDF 62A.4A-504Order in which items and payment orders may be charged to account; order of withdrawals from account.
HTMLPDF 62A.4A-505Preclusion of objection to debit of customer's account.
HTMLPDF 62A.4A-506Rate of interest.
HTMLPDF 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 § 107.