UCC Article 4A Disclosure. In the case of credit entries subject to UCC Article 4A (CCD credit entries to non-consumer accounts), the Company is hereby notified that: (i) the entry may be transmitted through the ACH; (ii) the rights and obligations of the Company are governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, unless the Company and Processor have agreed that the laws of another jurisdiction shall govern their rights and obligations; (iii) credit given by the Receiving Depository Financial Institution (“RDFI”) to the Receiver for the entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or otherwise has received payment; and (iv) if the RDFI does not receive such payment for the entry, the RDFI is entitled to a refund from the Receiver in the amount of the credit to the Receiver’s account, and the Company will not be considered to have paid the amount of the credit entry to the Receiver.
UCC Article 4A Disclosure. A. Provisional Payment Disclosure – Credit made to your bank account(s) with respect to CCD/CTX credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If the financial institution does not receive such final settlement, you are hereby notified and agree that the financial institution is entitled to a refund of the amount credited to you in connection with such entry, and ZRent shall not be deemed to have paid you in the amount of such entry.
UCC Article 4A Disclosure. Your credit entry may be transmitted through the ACH network. Your rights or obligations, as an originator, concerning the credit entry are governed by and construed in accordance with the laws of the State of New York, unless you and the originating depository institution have agreed that the laws of another jurisdiction govern their rights and obligations. Credit given by the receiving depository financial institution (“RDFI”) to the receiver for the entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or through a funds transfer system in accordance with Section 4A-403(a) of UCC Article 4A. If the RDFI does not receive such payment for the entry, the RDFI is entitled to a refund from the receiver in the amount of the credit to the receiver’s account, and the originator will not be considered to have paid the amount of the credit entry to the receiver.
UCC Article 4A Disclosure
