{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4A-104.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4A-104.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4A-104.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4A-104.html"}],"law_id":68985,"edition_id":1,"section_id":68985,"structure_id":13363,"section_number":"8.4A-104","catch_line":"Definitions: “Funds transfer”; “Intermediary bank”; “Originator”; “Originator’s bank.”","history":"1990, c. 9.","full_text":"In this title:\n\na\n\n“Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator’s bank or an intermediary bank intended to carry out the originator’s payment order. A funds transfer is completed by acceptance by the beneficiary’s bank of a payment order for the benefit of the beneficiary of the originator’s payment order.b\n\n“Intermediary bank” means a receiving bank other than the originator’s bank or the beneficiary’s bank.c\n\n“Originator” means the sender of the first payment order in a funds transfer.d\n\n“Originator’s bank” means (i) the receiving bank to which the payment order of the originator is issued if the originator is not a bank, or (ii) the originator if the originator is a bank.","order_by":null,"text":{"0":{"id":249712,"text":"In this title:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"a"},"1":{"id":249713,"text":"“Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator’s bank or an intermediary bank intended to carry out the originator’s payment order. A funds transfer is completed by acceptance by the beneficiary’s bank of a payment order for the benefit of the beneficiary of the originator’s payment order.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"prior_prefix":"","next_prefix":"b"},"2":{"id":249714,"text":"“Intermediary bank” means a receiving bank other than the originator’s bank or the beneficiary’s bank.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"c"},"3":{"id":249715,"text":"“Originator” means the sender of the first payment order in a funds transfer.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b","next_prefix":"d"},"4":{"id":249716,"text":"“Originator’s bank” means (i) the receiving bank to which the payment order of the originator is issued if the originator is not a bank, or (ii) the originator if the originator is a bank.","type":"section","prefixes":["d"],"prefix":"d","entire_prefix":"d","prefix_anchor":"d","level":1,"prior_prefix":"c"}},"ancestry":[{"id":13363,"edition_id":1,"name":"Subject Matter and Definitions","identifier":"1","label":"part","depth":2,"order_by":1,"parent_id":13362,"metadata":{},"date_created":"2026-06-26 03:44:42","date_modified":"2026-06-26 03:44:42","permalink":{"id":283189,"object_type":"structure","relational_id":13363,"identifier":"1","token":"8.4A\/1","url":"\/8.4A\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13362,"edition_id":1,"name":"Commercial Code \u2014 Funds Transfers","identifier":"8.4A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:42","date_modified":"2026-06-26 03:44:42","permalink":{"id":283187,"object_type":"structure","relational_id":13362,"identifier":"8.4A","token":"8.4A","url":"\/8.4A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72260,"structure_id":13363,"section_number":"8.4A-101","catch_line":"Short title","url":"\/8.4A-101\/","token":"8.4A\/1\/8.4A-101","metadata":false},{"id":80477,"structure_id":13363,"section_number":"8.4A-102","catch_line":"Subject matter","url":"\/8.4A-102\/","token":"8.4A\/1\/8.4A-102","metadata":false},{"id":82029,"structure_id":13363,"section_number":"8.4A-103","catch_line":"Definitions: \"Payment order\"; \"Beneficiary\"; \"Beneficiary's bank\"; \"Receiving bank\"; \"Sender.\"","url":"\/8.4A-103\/","token":"8.4A\/1\/8.4A-103","metadata":false},{"id":68985,"structure_id":13363,"section_number":"8.4A-104","catch_line":"Definitions: \"Funds transfer\"; \"Intermediary bank\"; \"Originator\"; \"Originator's bank.\"","url":"\/8.4A-104\/","token":"8.4A\/1\/8.4A-104","metadata":false},{"id":76749,"structure_id":13363,"section_number":"8.4A-105","catch_line":"Other definitions","url":"\/8.4A-105\/","token":"8.4A\/1\/8.4A-105","metadata":false},{"id":59405,"structure_id":13363,"section_number":"8.4A-106","catch_line":"Time payment order is received","url":"\/8.4A-106\/","token":"8.4A\/1\/8.4A-106","metadata":false},{"id":59247,"structure_id":13363,"section_number":"8.4A-107","catch_line":"Federal Reserve regulations and operating circulars","url":"\/8.4A-107\/","token":"8.4A\/1\/8.4A-107","metadata":false},{"id":54340,"structure_id":13363,"section_number":"8.4A-108","catch_line":"Relationship to Electronic Fund Transfer Act","url":"\/8.4A-108\/","token":"8.4A\/1\/8.4A-108","metadata":false}],"previous_section":{"id":82029,"structure_id":13363,"section_number":"8.4A-103","catch_line":"Definitions: \"Payment order\"; \"Beneficiary\"; \"Beneficiary's bank\"; \"Receiving bank\"; \"Sender.\"","url":"\/8.4A-103\/","token":"8.4A\/1\/8.4A-103","metadata":false},"next_section":{"id":76749,"structure_id":13363,"section_number":"8.4A-105","catch_line":"Other definitions","url":"\/8.4A-105\/","token":"8.4A\/1\/8.4A-105","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4A-104\/","history_text":"

This law was first created in 1990. The record of its establishment is cataloged in chapter 9 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1990 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":80477,"section_number":"8.4A-102","catch_line":"Subject matter","order_by":null,"url":"\/8.4A-102\/"},{"id":76749,"section_number":"8.4A-105","catch_line":"Other definitions","order_by":null,"url":"\/8.4A-105\/"}],"refers_to":false,"permalink":{"id":283203,"object_type":"law","relational_id":68985,"identifier":"8.4A-104","token":"8.4A\/1\/8.4A-104","url":"\/8.4A-104\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4A-104\/","token":"8.4A\/1\/8.4A-104","dublin_core":{"Title":"Definitions: “Funds transfer”; “Intermediary bank”; “Originator”; “Originator’s bank.”","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4A-104","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In this title:<\/p><\/section>\n\t\t\t\t\t\t

a.<\/span> “Funds transfer<\/span>” means the series of transactions, beginning with the originator<\/span>’s payment order<\/span>, made for the purpose of making payment to the beneficiary of the order<\/span>. The term includes any payment order<\/span> issued by the originator<\/span>’s bank or an intermediary bank<\/span> intended to carry out the originator<\/span>’s payment order<\/span>. A funds transfer<\/span> is completed by acceptance by the beneficiary’s bank of a payment order<\/span> for the benefit of the beneficiary of the originator<\/span>’s payment order<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> “Intermediary bank<\/span>” means a receiving bank other than the originator<\/span>’s bank or the beneficiary’s bank. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> “Originator<\/span>” means the sender of the first payment order<\/span> in a funds transfer<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

d.<\/span> “Originator<\/span>’s bank” means (i) the receiving bank to which the payment order<\/span> of the originator<\/span> is issued if the originator<\/span> is not a bank, or (ii) the originator<\/span> if the originator<\/span> is a bank. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS: “FUNDS TRANSFER”; “INTERMEDIARY BANK”;\n“ORIGINATOR”; “ORIGINATOR’S BANK.” (\u00a7 8.4A-104)\n\nIn this title:\n\na. “Funds transfer” means the series of transactions, beginning with\nthe originator’s payment order, made for the purpose of making payment to\nthe beneficiary of the order. The term includes any payment order issued by the\noriginator’s bank or an intermediary bank intended to carry out the\noriginator’s payment order. A funds transfer is completed by acceptance by\nthe beneficiary’s bank of a payment order for the benefit of the\nbeneficiary of the originator’s payment order.\n\nb. “Intermediary bank” means a receiving bank other than the\noriginator’s bank or the beneficiary’s bank.\n\nc. “Originator” means the sender of the first payment order in a\nfunds transfer.\n\nd. “Originator’s bank” means (i) the receiving bank to which\nthe payment order of the originator is issued if the originator is not a bank,\nor (ii) the originator if the originator is a bank.\n\nHISTORY: 1990, c. 9.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}