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2013 SESSION
SB 1066 Uniform Commercial Code; funds transfers.
Introduced by: John S. Edwards | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Uniform Commercial Code; Funds Transfers. Amends Article 4A of the Uniform Commercial Code to ensure that 4A continues to apply to remittance transfers that are not electronic fund transfers. Under current law, Article 4A of the Uniform Commercial Code, which is Title 4A in Virginia, applies to remittance transfers that are not electronic funds transfers under the federal Electronic Fund Transfer Act (EFTA). The Dodd-Frank Wall Street Reform and Consumer Protection Act amended EFTA to provide that EFTA will govern remittance transfers whether or not they are electronic, which means that when its provisions go into effect a fund transfer initiated by a remittance transfer would be outside of the coverage of 4A, even if the transfer is not an electronic fund transfer.
FULL TEXT
- 01/08/13 Senate: Prefiled and ordered printed; offered 01/09/13 13102527D pdf
- 02/20/13 Senate: Bill text as passed Senate and House (SB1066ER) pdf
- 03/14/13 Governor: Acts of Assembly Chapter text (CHAP0387) pdf
HISTORY
- 01/08/13 Senate: Prefiled and ordered printed; offered 01/09/13 13102527D
- 01/08/13 Senate: Referred to Committee on Commerce and Labor
- 01/21/13 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 01/23/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/24/13 Senate: Read second time and engrossed
- 01/25/13 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/25/13 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 01/25/13 Senate: Passed Senate (40-Y 0-N)
- 02/02/13 House: Placed on Calendar
- 02/02/13 House: Read first time
- 02/02/13 House: Referred to Committee on Commerce and Labor
- 02/12/13 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/14/13 House: Read second time
- 02/15/13 House: Read third time
- 02/15/13 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/15/13 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/20/13 Senate: Enrolled
- 02/20/13 Senate: Bill text as passed Senate and House (SB1066ER)
- 02/20/13 House: Signed by Speaker
- 02/21/13 Senate: Signed by President
- 03/14/13 Governor: Approved by Governor-Chapter 387 (effective 7/1/13)
- 03/14/13 Governor: Acts of Assembly Chapter text (CHAP0387)