2006 New Mexico Statutes - Article 4A — Funds Transfers, 55-4A-101 through 55-4A-507.

Part 1. SUBJECT MATTER AND DEFINITIONS

• 55-4A-101 — Short title.
• 55-4A-102 — Subject matter.
• 55-4A-103 — Payment order; definitions.
• 55-4A-104 — Funds transfer; definitions.
• 55-4A-105 — Other definitions.
• 55-4A-106 — Time payment order is received.
• 55-4A-107 — Federal reserve regulations and operating circulars.
• 55-4A-108 — Exclusion of consumer transactions governed by federal law.

Part 2. ISSUE AND ACCEPTANCE OF PAYMENT ORDER

• 55-4A-201 — Security procedure.
• 55-4A-202 — Authorized and verified payment orders.
• 55-4A-203 — Unenforceability of certain verified payment orders.
• 55-4A-204 — Refund of payment and duty of customer to report with respect to unauthorized payment order.
• 55-4A-205 — Erroneous payment orders.
• 55-4A-206 — Transmission of payment order through funds-transfer or other communication system.
• 55-4A-207 — Misdescription of beneficiary.
• 55-4A-208 — Misdescription of intermediary bank or beneficiary's bank.
• 55-4A-209 — Acceptance of payment order.
• 55-4A-210 — Rejection of payment order.
• 55-4A-211 — Cancellation and amendment of payment order.
• 55-4A-212 — Liability and duty of receiving bank regarding unaccepted payment order.

Part 3. EXECUTION OF SENDER'S PAYMENT ORDER  BY RECEIVING BANK

• 55-4A-301 — Execution and execution date.
• 55-4A-302 — Obligations of receiving bank in execution of payment order.
• 55-4A-303 — Erroneous execution of payment order.
• 55-4A-304 — Duty of sender to report erroneously executed payment order.
• 55-4A-305 — Liability for late or improper execution or failure to execute payment order.

Part 4. PAYMENT

• 55-4A-401 — Payment date.
• 55-4A-402 — Obligation of sender to pay receiving bank.
• 55-4A-403 — Payment by sender to receiving bank.
• 55-4A-404 — Obligation of beneficiary's bank to pay and give notice to beneficiary.
• 55-4A-405 — Payment by beneficiary's bank to beneficiary.
• 55-4A-406 — Payment by originator to beneficiary; discharge of underlying obligation.

Part 5. MISCELLANEOUS PROVISIONS

• 55-4A-501 — Variation by agreement and effect of funds-transfer system rule.
• 55-4A-502 — Creditor process served on receiving bank; set-off by beneficiary's bank.
• 55-4A-503 — Injunction or restraining order with respect to funds transfer.
• 55-4A-504 — Order in which items and payment orders may be charged to account; order of withdrawals from account.
• 55-4A-505 — Preclusion of objection to debit of customer's account.
• 55-4A-506 — Rate of interest.
• 55-4A-507 — Choice of law.