70A-4a-108. Relationship to Electronic Fund Transfer Act.
164 words·~1 min read·
/ut/title-70a/chapter-4a/70a-4a-108A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/14/2019
70A-4a-108. Relationship to Electronic Fund Transfer Act.
(1)As used in this section, "Electronic Fund Transfer Act" means the Electronic Fund Transfer Act of 1978, Title XX, Public Law 95-630, 92 Stat. 3728, 15 U.S.C. Sec. 1693 et seq., as amended.
(2)Except as provided in Subsection
(3), this chapter does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act.
(3)This chapter applies to a funds transfer that is a remittance transfer as defined in 15 U.S.C. Sec. 1693o-1, as amended, unless the remittance transfer is an electronic fund transfer as defined in 15 U.S.C. Sec. 1693a, as amended.
(4)In a funds transfer to which this chapter applies, in the event of inconsistency between an applicable provision of this chapter and an applicable provision of the Electronic Fund Transfer Act, the Electronic Fund Transfer Act governs to the extent of the inconsistency.
Amended by Chapter 109 , 2019 General Session