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ID S1031
Bill
Status
3/13/2013
Primary Sponsor
Commerce and Human Resources Committee
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AI Summary
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Amends Idaho Code Section 28-4-608 to add an exception allowing certain remittance transfers to be governed by Idaho law instead of being automatically excluded
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Applies Idaho's funds transfer law to remittance transfers as defined in the federal Electronic Fund Transfer Act (15 U.S.C. section 1693o-1), unless they are also electronic fund transfers under federal law
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Establishes that when Idaho's funds transfer law and the federal Electronic Fund Transfer Act conflict, federal law takes precedence to the extent of any inconsistency
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Maintains the general rule that Idaho's funds transfer law does not apply to transfers governed by the federal Electronic Fund Transfer Act (Title XX, Public Law 95-630, 15 U.S.C. section 1693 et seq.)
Legislative Description
Amends existing law relating to commercial transactions to provide for an exception, to establish provisions relating to certain remittance transfers and to establish provisions relating to the application of laws.
CONSUMER TRANSACTIONS
Last Action
Signed by Governor on 03/13/13 Session Law Chapter 73 Effective: 07/01/13
3/13/2013