Subject Matter and Definitions. | Midpage

Collections
Code of the District of Columbia

Paragraph 1

Subject Matter and Definitions.

28:4A-101Short title.28:4A-102Subject matter.28:4A-103Payment order — definitions.28:4A-104Funds transfer — definitions.28:4A-105Other definitions.28:4A-106Time payment order is received.28:4A-107Federal Reserve regulations and operating circulars.28:4A-108Relationship to Electronic Fund Transfers Act.28:4A-201Security procedure.28:4A-202Authorized and verified payment orders.28:4A-203Unenforceability of certain verified payment orders.28:4A-204Refund of payment and duty of customer to report with respect to unauthorized payment order.28:4A-205Erroneous payment orders.28:4A-206Transmission of payment order through funds-transfer or other communication system.28:4A-207Misdescription of beneficiary.28:4A-208Misdescription of intermediary bank or beneficiary’s bank.28:4A-209Acceptance of payment order.28:4A-210Rejection of payment order.28:4A-211Cancellation and amendment of payment order.28:4A-212Liability and duty of receiving bank regarding unaccepted payment order.28:4A-301Execution and execution date.28:4A-302Obligations of receiving bank in execution of payment order.28:4A-303Erroneous execution of payment order.28:4A-304Duty of sender to report erroneously executed payment order.28:4A-305Liability for late or improper execution or failure to execute payment order.28:4A-401Payment date.28:4A-402Obligation of sender to pay receiving bank.28:4A-403Payment by sender to receiving bank.28:4A-404Obligation of beneficiary’s bank to pay and give notice to beneficiary.28:4A-405Payment by beneficiary’s bank to beneficiary.28:4A-406Payment by originator to beneficiary; discharge of underlying obligation.28:4A-501Variation by agreement and effect of funds-transfer system rule.28:4A-502Creditor process served on receiving bank; setoff by beneficiary’s bank.28:4A-503Injunction or restraining order with respect to funds transfer.28:4A-504Order in which items and payment orders may be charged to account; order of withdrawals from account.28:4A-505Preclusion of objection to debit of customer’s account.28:4A-506Rate of interest.28:4A-507Choice of law.