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• 2019 General Session
• H.B. 97

H.B. 97 Uniform Commercial Code Amendments

• Bill Text
• Status
• Hearings/Debate

Bill Sponsor: Rep. Snow, V. Lowry

Floor Sponsor: Sen. Hillyard, Lyle W.

• Drafting Attorney: Amy L. West
• Fiscal Analyst: Andrea Wilko

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• Bill Text
  • Introduced
  • Enrolled (Currently Displayed)

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• Related Documents
  • Fiscal Note
  • House Transmittal Letter 1
  • Senate Transmittal Letter 1
  • Agency Perf Note

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• Information
  • Last Action: 22 Mar 2019, Governor Signed
  • Last Location: Lieutenant Governor's office for filing
  • Effective Date: 14 May 2019
  • Session Law Chapter: 109

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• Similar Bills
  • Business
  • Financial Institutions
  • Uniform Commercial Code

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• Sections Affected
  • 70A-4a-108

Enrolled

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H.B. 97

1     UNIFORM COMMERCIAL CODE AMENDMENTS
2     2019 GENERAL SESSION
3     STATE OF UTAH
4     Chief Sponsor: V. Lowry Snow
5     Senate Sponsor: Lyle W. Hillyard
6     

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7     LONG TITLE
8     General Description:
9          This bill amends the Uniform Commercial Code in relation to funds transfers.
10     Highlighted Provisions:
11          This bill:
12          ▸     provides that the regulations governing a funds transfer apply to a remittance
13     transfer under certain circumstances; and
14          ▸     makes technical and conforming changes.
15     Money Appropriated in this Bill:
16          None
17     Other Special Clauses:
18          None
19     Utah Code Sections Affected:
20     AMENDS:
21          70A-4a-108, as enacted by Laws of Utah 1990, Chapter 294
22     

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23     Be it enacted by the Legislature of the state of Utah:
24          Section 1. Section 70A-4a-108 is amended to read:
25          70A-4a-108. Relationship to Electronic Fund Transfer Act.
26          (1) [This] As used in this section, "Electronic Fund Transfer Act" means the Electronic
27     Fund Transfer Act of 1978, Title XX, Public Law 95-630, 92 Stat. 3728, 15 U.S.C. Sec. 1693
28     et seq., as amended.
29          (2) Except as provided in Subsection (3), this chapter does not apply to a funds transfer

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30     any part of which is governed by the Electronic Fund Transfer Act [of 1978, Title XX, Public
31     Law 95-630, 92 Stat. 3728, 15 U.S.C. Section 1693 et seq., as amended].
32          (3) This chapter applies to a funds transfer that is a remittance transfer as defined in 15
33     U.S.C. Sec. 1693o-1, as amended, unless the remittance transfer is an electronic fund transfer
34     as defined in 15 U.S.C. Sec. 1693a, as amended.
35          (4) In a funds transfer to which this chapter applies, in the event of inconsistency
36     between an applicable provision of this chapter and an applicable provision of the Electronic
37     Fund Transfer Act, the Electronic Fund Transfer Act governs to the extent of the inconsistency.