Text: SF185            Text: SF187
Complete Bill History


Senate File 186

BY COMMITTEE ON JUDICIARY (SUCCESSOR TO SSB 1094) \5 A BILL FOR \1 Senate File 186 AN ACT RELATING TO FUNDS TRANSFERS UNDER THE UNIFORM COMMERCIAL CODE, AND INCLUDING EFFECTIVE DATE PROVISIONS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: Section 1. Section 554.12108, Code 2013, is amended to read as follows: 554.12108 Exclusion of consumer transactions governed by federal law Relationship to Electronic Fund Transfer Act. 1. This Except as provided in subsection 2, this article does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978, 15 U.S.C. { 1693 et seq. 2. This article applies to a funds transfer that is a remittance transfer as defined in the Electronic Fund Transfer Act, 15 U.S.C. { 1693o=1, unless the remittance transfer is an electronic fund transfer as defined in the Electronic Fund Transfer Act, 15 U.S.C. { 1693a. 3. In a funds transfer to which this article applies, in the event of an inconsistency between an applicable provision of this article and an applicable provision of the Electronic Fund Transfer Act, the provision of the Electronic Fund Transfer Act governs to the extent of the inconsistency. Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of immediate importance, takes effect upon enactment. PAM JOCHUM President of the Senate KRAIG PAULSEN Speaker of the House I hereby certify that this bill originated in the Senate and is known as Senate File 186, Eighty=fifth General Assembly. MICHAEL E. MARSHALL Secretary of the Senate Approved , 2013 TERRY E. BRANSTAD Governor -1-
Text: SF185            Text: SF187 Complete Bill History