relating to commerce; regulating electronic fund transfers; providing that article 4A of the Uniform Commercial Code does not apply to a remittance transfer that is not an electronic funds transfer under the federal Electronic Fund Transfer Act;
amending Minnesota Statutes 2012, section 336.4A-108.
336.4A-108 EXCLUSION OF CONSUMER TRANSACTIONS GOVERNED BY FEDERAL LAW.
this article does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978 (Title XX, Public Law 95-630, 92 Stat. 3728, United States Code, title 15, section 1693 et seq.) as amended from time to time.
Presented to the governor March 12, 2013
Signed by the governor March 14, 2013, 2:15 p.m.