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December 31, 2024 Clouds | 44°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 4A FUNDS TRANSFERS
  6. Section 4A-108 Relationship to Electronic Fund Transfer Act

Section 4A-108

Section 4A-108: Relationship to Electronic Fund Transfer Act

Section 4A–108. (a) Except as provided in subsection (b), this article shall not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978, section 2001 of Title XX of Public Law 95–630, 15 U.S.C. section 1693 et seq.

(b) This article applies to a funds transfer that is a remittance transfer as defined in the Electronic Fund Transfer Act at 15 U.S.C. section 1693o–1, as amended from time to time, unless the remittance transfer is an electronic fund transfer as defined in the Electronic Fund Transfer Act at 15 U.S.C. section 1693a, as amended from time to time.

(c) In a funds transfer to which this article applies, in the event of an inconsistency between an applicable provision of this article and an applicable provision of the Electronic Fund Transfer Act, the provision of the Electronic Fund Transfer Act governs to the extent of the inconsistency.