(1) Except as provided in subsection (2) of this section, this article does not apply to a funds transfer any part of which is governed by the "Electronic Fund Transfer Act of 1978", Title XX, Pub.L. 95-630, 92 Stat. 3728, 15 U.S.C. sec. 1693 et seq., as amended from time to time.
This article applies to a funds transfer that is a remittance transfer as defined in thefederal "Electronic Fund Transfer Act of 1978", 15 U.S.C. sec. 1693o-1, as amended from time to time, unless the remittance transfer is an electronic fund transfer as defined in the federal "Electronic Fund Transfer Act of 1978", 15 U.S.C. sec. 1693a, as amended from time to time.
In a funds transfer to which this article applies, in the event of an inconsistencybetween an applicable provision of this article and an applicable provision of the federal "Electronic Fund Transfer Act of 1978", the provision of the federal "Electronic Fund Transfer Act of 1978" governs to the extent of the inconsistency.
Source: L. 90: Entire article added, p. 345, § 1, effective January 1, 1991. L. 2013: Entire section amended, (HB 13-1157), ch. 99, p. 316, § 1, effective April 4.