In addition to the definitions prescribed under A.R.S. § 44-6851, the following terms apply to this Article:

“Automated clearing house” has the same meaning as provided under A.A.C. R17-8-401.

“Electronic payment” means money which is exchanged electronically, including credit card payments, credit transfer, electronic checks, direct debit, and person-to-person payments.

“Stale-dated” means a check presented at the paying bank six months or more after the issue date of the check. A stale-dated check is not an invalid check, but the paying bank may deem the check an irregular bill of exchange and return it unpaid.

Historical Note

New Section made by exempt rulemaking at 8 A.A.R. 2963, effective June 27, 2002 (Supp. 02-2). Amended by exempt rulemaking at 13 A.A.R. 3041, effective August 31, 2007 (Supp. 07-3). Amended by final rulemaking at 16 A.A.R. 1994, effective November 13, 2010 (Supp. 10-3). Amended by final expedited rulemaking at 24 A.A.R. 3495, effective December 4, 2018 (Supp. 18-4).