NRS 104A.4104 – Funds transfer: Definitions.
1. “Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator’s bank or an intermediary bank intended to carry out the originator’s payment order. A funds transfer is completed […]
NRS 104A.4105 – Other definitions.
1. In this Article: (a) “Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if […]
NRS 104A.4106 – Time payment order is received.
1. The time of receipt of a payment order or communication cancelling or amending a payment order is determined by the rules applicable to receipt of a notice stated in NRS 104.1202. A receiving bank may fix a cutoff time or times of a funds-transfer business day for the receipt and processing of payment orders […]
NRS 104A.4107 – Federal Reserve regulations and operating circulars.
Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve banks supersede any inconsistent provision of this article to the extent of the inconsistency. (Added to NRS by 1991, 432)
NRS 104A.4108 – Exclusion of certain consumer transactions governed by federal law; resolution of inconsistencies between federal law and state law.
1. Except as otherwise provided in subsection 2, this article does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978 (Title XX, Public Law 95-630, 92 Stat. 3728, 15 U.S.C. §§ 1693 et seq.) as amended from time to time. 2. This article applies […]
NRS 104A.4101 – Short title.
This article may be cited as Uniform Commercial Code—Funds Transfers. (Added to NRS by 1991, 430)
NRS 104A.4102 – Subject matter.
Except as otherwise provided in NRS 104A.4108, this article applies to funds transfers defined in NRS 104A.4104. (Added to NRS by 1991, 430)
NRS 104A.4103 – Payment order: Definitions.
1. In this article: (a) “Payment order” means an instruction of a sender to a receiving bank, transmitted orally, electronically or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if: (1) The instruction does not state a condition to payment to the […]