2021 Oregon Revised Statutes
Chapter 074A - Funds Transfers
Section 74A.1080 - Exclusion of consumer transactions covered by federal law; remittance transfers.


(2) This chapter applies to a funds transfer that is a remittance transfer, as defined in 15 U.S.C. 1693o-1, unless the remittance transfer is an electronic fund transfer, as defined in 15 U.S.C. 1693a.
(3) In a funds transfer to which this chapter applies, if an applicable provision of this chapter is inconsistent with an applicable provision of the Electronic Fund Transfer Act, the provision of the Electronic Fund Transfer Act governs to the extent of the inconsistency. [1991 c.442 §8; 2013 c.23 §1]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 074A - Funds Transfers

Section 74A.1030 - Payment order; definitions.

Section 74A.1040 - Funds transfer; definitions.

Section 74A.1050 - Other definitions.

Section 74A.1060 - Time payment order is received.

Section 74A.1080 - Exclusion of consumer transactions covered by federal law; remittance transfers.

Section 74A.2010 - Security procedure.

Section 74A.2020 - Authorized and verified payment orders.

Section 74A.2030 - Unenforceability of certain verified payment orders.

Section 74A.2040 - Refund of payment and duty of customer to report with respect to unauthorized payment order.

Section 74A.2050 - Erroneous payment orders.

Section 74A.2060 - Transmission of payment order through funds transfer or other communication system.

Section 74A.2070 - Misdescription of beneficiary.

Section 74A.2080 - Misdescription of intermediary bank or beneficiary’s bank.

Section 74A.2090 - Acceptance of payment order.

Section 74A.2100 - Rejection of payment order.

Section 74A.2110 - Cancellation and amendment of payment order.

Section 74A.3010 - Execution and execution date.

Section 74A.3020 - Obligations of receiving bank in execution of payment order.

Section 74A.3030 - Erroneous execution of payment order.

Section 74A.3050 - Liability for late or improper execution or failure to execute payment order.

Section 74A.4020 - Obligation of sender to pay receiving bank.

Section 74A.4030 - Payment by sender to receiving bank.

Section 74A.4040 - Obligation of beneficiary’s bank to pay and give notice to beneficiary.

Section 74A.4050 - Payment by beneficiary’s bank to beneficiary.

Section 74A.4060 - Payment by originator to beneficiary; discharge of underlying obligation.

Section 74A.5010 - Variation by agreement and effect of funds-transfer system rule.

Section 74A.5020 - Creditor process served on receiving bank; setoff by beneficiary’s bank.

Section 74A.5030 - Injunction or restraining order with respect to funds transfer.

Section 74A.5040 - Order in which items and payment orders may be charged to account; order of withdrawals from account.

Section 74A.5060 - Rate of interest.

Section 74A.5070 - Choice of law.