Uniform Commercial Code Article 4A definition

Uniform Commercial Code Article 4A. Any electronic funds transfers that we permit that are subject to Article 4A of the Uniform Commercial code will be subject to the provisions of this Agreement and the provisions of the Uniform Commercial Code as enacted by the state where the main office of the credit union is located.
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Uniform Commercial Code Article 4A or “UCC4A” means the portion of the Uniform Commercial Code which deals with certain funds transfers, including ACH credit transactions not subject to the Electronic Fund Transfer Act of Regulation E. This law outlines the protections and responsibilities given to the parties to wholesale credit transactions, and sets the legal standard for commercially reasonable security procedures to be used in conjunction with those transactions.
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Uniform Commercial Code Article 4A. Any electronic funds transfer that we permit are subject to Article 4A of the Uniform Commercial Code will be subject to the provisions of this Agreement and the provisions of the Uniform Commercial Code as enacted by the State of New Jersey.
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Examples of Uniform Commercial Code Article 4A in a sentence

  • This use of our Wire Transfer Service is subject to all applicable U.S. federal and state laws, regulations, rules and funds transfer arrangements, including the respective state’s Uniform Commercial Code Article 4A, as may be applicable.

  • The Uniform Commercial Code Article 4A governs wholesale wire transfers as well as any commercial ACH credit entry excluded from the Electronic Funds Transfer Act.

  • Unless otherwise defined, terms used in this Section 27 shall have the meanings provided for in the Uniform Commercial Code, Article 4A (the “UCC- 4A”).

  • Uniform Commercial Code Article 4A (UCC 4A) Disclosure: In regard to the origination of “wholesale credit” entries (defined as incoming corporate ACH credit transfers containing Standard Entry Class Codes (SEC Codes) “CCD” and “CTX”), the Originating Depository Financial Institution (ODFI) may provide disclosure as required by UCC 4A to the CLIENT.

  • Funds transfers through Fedwire will be governed by, and subject to, Regulation J, Subpart B, and Uniform Commercial Code Article 4A incorporated by reference thereunder.

  • In regard to the origination of "wholesale credit" Entries, (defined as incoming corporate ACH credit transfers containing Standard Entry Class Codes "CCD" and "CTX"), Bank shall provide disclosure as required by Uniform Commercial Code Article 4A to Company.

  • This Wire Services Agreement shall be deemed to be a contract under and for all purposes shall be governed by and construed in accordance with the laws of the State of Texas and the applicable laws of the United States, including, but not limited to, the Uniform Commercial Code Article 4A, as adopted by the State of Texas and Subpart B of Regulation J 12 CFR 210.

  • The Customer will comply with the Electronic Funds Transfer Act if applicable or Uniform Commercial Code Article 4A.

  • Subject to Uniform Commercial Code Article 4A Provisional Payment: Credit given by us, to you, with respect to an Automated Clearing House (ACH) credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank.

  • For all Funds Transfers (as defined in Uniform Commercial Code, Article 4A or Article 11, as applicable) and for all Payment Orders (including, without limitations, request for, and amendment and cancellations to a Funds Transfer), using a Service, you agree, in additions to the Terms and Conditions for the Service, as follows: You agree to comply with the following security procedure requirements with respect to all Payment Orders you Originate and transmit to us.