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HomeCommercial CodeDiv. 11Ch. 1§ 11108 Funds Transfer Exemptions

§ 11108 Funds Transfer Exemptions

Commercial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 11108 Funds Transfer Exemptions

This law says that most money transfers are not covered by this section if they are already covered by a federal law called the Electronic Fund Transfer Act. But if the money transfer is a remittance transfer, this section might apply unless it's also an electronic fund transfer.

Key Takeaways

  • •Most money transfers are not covered by this law if they follow federal rules.
  • •If you send money to another country (remittance transfer), this law might apply unless it's an electronic transfer.
  • •If this law and the federal law disagree, the federal law wins.

Example

Sending money to family in another country using a service like Western Union.

If you send money to another country, this law might apply to your transfer unless it's already covered by federal rules for electronic transfers.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 11108 Funds Transfer Exemptions

(a) Except as provided in subdivision (b), this division 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, 15 U.S.C. Sec. 1693 et seq.) as amended from time to time. (b) This division shall apply to a funds transfer that is a remittance transfer as defined in Section 1693o-1 of Title 15 of the United States Code, as amended from time to time, unless the remittance transfer is an electronic fund transfer as defined in Section 1693a of Title 15 of the United States Code, as amended from time to time. (c) In a funds transfer pursuant to this division, if there is an inconsistency between the applicable provision of this division and the federal act, the applicable provisions of the federal act shall control to the extent of the inconsistency. (Amended by Stats. 2012, Ch. 392, Sec. 1. (SB 708) Effective January 1, 2013.)

Last verified: January 10, 2026

Key Terms

funds transferElectronic Fund Transfer Act of 1978remittance transferSection 1693o-1Section 1693afederal act

Related Statutes

  • § 11104 Funds Transfer Definitions
  • § 10101 Uniform Commercial Code Leases
  • § 10102 Hybrid Lease Application
  • § 10103 Buyer In Ordinary Course Definition
  • § 10104 Lease Title And Consumer Law

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Commercial Code. Section 11108.
View Official Source