ACH and UCC 4A - John Burnett -
ACH and UCC 4A
by John Burnett, BOL Guru
Question: I need to know what UCC Article 4A means with respect to ACH transactions. I have pulled up Article 4A and I cannot determine. I am performing a compliance audit for ACH.
Answer: ACH transfers (and other funds transfers) that are not subject to Regulation E are subject to Article 4A of the UCC.
The original version appeared in the September/October 2004 edition of the Oklahoma Bankers Association Compliance Informer.
First published on BankersOnline.com 4/25/05
First published on 04/25/2005