Relationship to Federal Electronic Fund Transfer Act

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Funds Transfers
  5. Subject Matter and Definitions
  6. Relationship to Federal Electronic Fund Transfer Act

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  1. Except as provided in subsection (b) of this Code section, this article does not apply to a funds transfer any part of which is governed by the federal Electronic Fund Transfer Act of 1978, 15 U.S.C. Section 1693, et seq.
  2. This article shall apply to a funds transfer that is a remittance transfer as defined in the federal Electronic Fund Transfer Act, 15 U.S.C. Section 1693o-1(g), unless the remittance transfer is an electronic fund transfer as defined in such act, 15 U.S.C. Section 1693(a).
  3. In the event of any conflict or inconsistency between the provisions of this article and the provisions of the federal Electronic Fund Transfer Act of 1978, 15 U.S.C. Section 1693, et seq., such act shall govern and control.

(Code 1981, §11-4A-108, enacted by Ga. L. 1992, p. 2685, § 4; Ga. L. 2002, p. 415, § 11; Ga. L. 2013, p. 1101, § 1/HB 289.)

The 2002 amendment, effective April 18, 2002, part of an Act to revise, modernize, and correct the Code, revised punctuation in this Code section.

The 2013 amendment, effective July 1, 2013, in the catchline substituted "Relationship to federal Electronic Fund Transfer Act" for "Exclusion of consumer transactions governed by federal law" and substituted the present provisions of this Code section for the former provisions, which read: "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, Public Law 95-630, 92 Stat. 3728, 15 U.S.C. Section 1693, et seq.) as amended from time to time."

Editor's notes.

- Ga. L. 2013, p. 1101, § 1, did not reenact and did not strike "(Title XX, Public Law 95-630, 92 Stat. 3728, 15 U.S.C. Section 1693, et seq.)" in this Code section.

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 4A-108.

ALR.

- Validity, construction, and application of Electronic Fund Transfer Act (EFTA), and regulations promulgated thereunder, 15 USCS §§ 1693 et seq., 46 A.L.R. Fed. 2d 473.

PART 2 ISSUE AND ACCEPTANCE OF PAYMENT ORDER


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