670.101 – Short title.

670.101 Short title.—This chapter may be cited as the “Uniform Commercial Code—Funds Transfers.” History.—s. 1, ch. 91-70.

670.102 – Subject matter.

670.102 Subject matter.—Except as otherwise provided in s. 670.108, this chapter applies to funds transfers defined in s. 670.104. History.—s. 1, ch. 91-70.

670.103 – Payment order: definitions.

670.103 Payment order: definitions.— (1) In this chapter, the term: (a) “Beneficiary” means the person to be paid by the beneficiary’s bank. (b) “Beneficiary’s bank” means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make payment to the beneficiary if […]

670.104 – Funds transfer: definitions.

670.104 Funds transfer: definitions.—In this chapter, the term: (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 […]

670.105 – Other definitions.

670.105 Other definitions.— (1) In this chapter, the term: (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 […]

670.106 – Time payment order is received.

670.106 Time payment order is received.— (1) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice stated in s. 671.209. A receiving bank may fix a cut-off time or times on a funds-transfer business day for the receipt and […]

670.107 – Federal Reserve regulations and operating circulars.

670.107 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 chapter to the extent of the inconsistency. History.—s. 1, ch. 91-70.

670.108 – Relationship to Electronic Fund Transfer Act.

670.108 Relationship to Electronic Fund Transfer Act.— (1) Except as provided in subsection (2), this chapter does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978 (Title XX, Pub. L. No. 95-630, 92 Stat. 3728, 15 U.S.C. ss. 1693 et seq.), as amended from time to […]