HB399 Alabama 2013 Session

Updated Feb 27, 2026

Low Interest

Summary

Primary Sponsor: Demetrius C. Newton
Democrat
Session: Regular Session 2013
Title: Electronic fund transfers, remittance transfer, Uniform Commercial Code applicable if transfer governed by Electronic Fund Transfer Act of 1978, exception, Sec. 7-4A-108 am'd.
Summary: HB399 clarifies how Alabama's Uniform Commercial Code Article 4A interacts with the federal Electronic Fund Transfer Act, especially for remittance transfers.
What This Bill Does
The bill generally excludes transfers governed by the federal EFT Act from Article 4A, but it applies Article 4A to remittance transfers defined in the EFT Act unless the remittance transfer is an electronic fund transfer as defined in the EFT Act. If there is any inconsistency between Article 4A and the EFT Act, the EFT Act controls. The act becomes effective on the first day of the third month after it is passed and approved by the Governor.

Who It Affects
Banks, credit unions, and other financial institutions in Alabama that process electronic funds transfers and remittance transfers
Consumers and businesses sending remittance transfers in Alabama, whose protections depend on whether a transfer falls under Article 4A or the federal EFT Act

Key Provisions
Article 4A generally does not apply to transfers governed by the federal EFT Act, with exceptions for remittance transfers defined in the EFT Act
Remittance transfers defined in the EFT Act fall under Article 4A, unless the remittance transfer is an electronic fund transfer as defined in the EFT Act
If there is an inconsistency, the EFT Act governs over Article 4A to the extent of the conflict
The act becomes effective on the first day of the third month after its passage and governor approval

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Uniform Commercial Code