Uniform Commercial Code Article 4A (UCC4A) definition

Uniform Commercial Code Article 4A (UCC4A) means the portion of the Uniform Commercial Code which deals with certain funds transfers, including ACH credit transactions not subject to the Electronic Fund Transfer Act of Regulation E. This law outlines the protections and responsibilities given to the parties to wholesale credit transactions, and sets the legal standard for commercially reasonable security procedures to be used in conjunction with those transactions. “User ID” means a string of alphanumeric characters assigned to a specific individual to identify the individual when the individual accesses Service.
View Source
Uniform Commercial Code Article 4A (UCC4A) means the portion of the Uniform Commercial Code which deals with certain funds transfers not subject to the Electronic Fund Transfer Act of Regulation
View Source

Examples of Uniform Commercial Code Article 4A (UCC4A) in a sentence

  • When engaging in any transactions through the ACH, you agree to comply with the terms of this Agreement and the Rules of the National Automated Clearing House Association of this Agreement and the Rules of the National Clearing House Association (“NACHA”) (the “Rules”), as amended from time to time and Uniform Commercial Code Article 4A (UCC4A) (IC26-1-4-1), if applicable.

  • The Originator will comply with all terms of the Electronic Funds Transfer Act if applicable, or Uniform Commercial Code Article 4A (UCC4A) if applicable and shall otherwise perform its obligations under this Agreement in accordance with all applicable laws and regulations.

  • You acknowledge that all Entries are subject to the Rules and the provisions of Uniform Commercial Code Article 4A (UCC4A), as well as other applicable laws and regulations.