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COMMERCIAL TRANSACTIONS : Chapter 4A

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

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