Governing Regulations. If you send or receive a wire transfer, Fedwire may be used. Federal Reserve Board Regulation J is the law that covers transactions made over Fedwire. If you are a party to an Automated Clearing House (ACH) entry, you acknowledge and agree that any such entry will be governed by the Nacha Operating Rules, the Rules of any local ACH, and the Rules of any other system through which the entry is made. Other payment orders you make may be governed by Article 4A of the Texas Business & Commerce Code. International wire transfers and electronic transactions to your Account may be delayed in accordance with screening procedures necessary to comply with Office of Foreign Assets Control (OFAC) financial sanctions. We may refuse to credit an Account for a wire transfer or electronic transaction if such action would violate OFAC requirements.
Appears in 4 contracts
Samples: Membership Agreement, Membership Agreement, Membership Agreement
