PART I. SUBJECT MATTER AND DEFINITIONS

SECTION 670.101. Short title.

SECTION 670.102. Subject matter.

SECTION 670.103. Payment order: definitions.

SECTION 670.104. Funds transfer: definitions.

SECTION 670.105. Other definitions.

SECTION 670.106. Time payment order is received.

SECTION 670.107. Federal Reserve regulations and operating circulars.

SECTION 670.108. Relationship to Electronic Fund Transfer Act.

PART II. ISSUE AND ACCEPTANCE OF PAYMENT ORDER

SECTION 670.201. Security procedure.

SECTION 670.202. Authorized and verified payment orders.

SECTION 670.203. Unenforceability of certain verified payment orders.

SECTION 670.204. Refund of payment and duty of customer to report with respect to unauthorized payment order.

SECTION 670.205. Erroneous payment orders.

SECTION 670.206. Transmission of payment order through funds-transfer system or other communication system.

SECTION 670.207. Misdescription of beneficiary.

SECTION 670.208. Misdescription of intermediary bank or beneficiary’s bank.

SECTION 670.209. Acceptance of payment order.

SECTION 670.21. Rejection of payment order.

SECTION 670.211. Cancellation and amendment of payment order.

SECTION 670.212. Liability and duty of receiving bank regarding unaccepted payment order.

PART III. EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK

SECTION 670.301. Execution and execution date.

SECTION 670.302. Obligations of receiving bank in execution of payment order.

SECTION 670.303. Erroneous execution of payment order.

SECTION 670.304. Duty of sender to report erroneously executed payment order.

SECTION 670.305. Liability for late or improper execution or failure to execute payment order.

PART IV. PAYMENT

SECTION 670.401. Payment date.

SECTION 670.402. Obligation of sender to pay receiving bank.

SECTION 670.403. Payment by sender to receiving bank.

SECTION 670.404. Obligation of beneficiary’s bank to pay and give notice to beneficiary.

SECTION 670.405. Payment by beneficiary’s bank to beneficiary.

SECTION 670.406. Payment by originator to beneficiary; discharge of underlying obligation.

PART V. MISCELLANEOUS PROVISIONS

SECTION 670.501. Variation by agreement and effect of funds-transfer system rule.

SECTION 670.502. Creditor process served on receiving bank; set-off by beneficiary’s bank.

SECTION 670.503. Injunction or restraining order with respect to funds transfer.

SECTION 670.504. Order in which items and payment orders may be charged to account; order of withdrawals from account.

SECTION 670.505. Preclusion of objection to debit of customer’s account.

SECTION 670.506. Rate of interest.

SECTION 670.507. Choice of law.