US Laws, Codes, Statutes & Cases

RCW Sections

PART 1 - SUBJECT MATTER AND DEFINITIONS

• 62A.4A-101  Short title.
• 62A.4A-102  Subject matter.
• 62A.4A-103  Payment order -- Definitions.
• 62A.4A-104  Funds transfer -- Definitions.
• 62A.4A-105  Other definitions.
• 62A.4A-106  Time payment order is received.
• 62A.4A-107  Federal reserve regulations and operating circulars.
• 62A.4A-108  Exclusion of consumer transactions governed by federal law.

PART 2 - ISSUE AND ACCEPTANCE OF PAYMENT ORDER

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

PART 3 - EXECUTION OF SENDER'S PAYMENT ORDER

BY RECEIVING BANK

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

PART 4 - PAYMENT

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

PART 5 - MISCELLANEOUS PROVISIONS

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