{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4A-210.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4A-210.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4A-210.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4A-210.html"}],"law_id":55237,"edition_id":1,"section_id":55237,"structure_id":14106,"section_number":"8.4A-210","catch_line":"Rejection of payment order","history":"1990, c. 9; 2024, c. 652.","full_text":"a\n\nA payment order is rejected by the receiving bank by a notice of rejection transmitted to the sender orally or in a record. A notice of rejection need not use any particular words and is sufficient if it indicates that the receiving bank is rejecting the order or will not execute or pay the order. Rejection is effective when the notice is given if transmission is by a means that is reasonable in the circumstances. If notice of rejection is given by a means that is not reasonable, rejection is effective when the notice is received. If an agreement of the sender and receiving bank establishes the means to be used to reject a payment order, (i) any means complying with the agreement is reasonable and (ii) any means not complying is not reasonable unless no significant delay in receipt of the notice resulted from the use of the noncomplying means.b\n\nThis subsection applies if a receiving bank other than the beneficiary’s bank fails to execute a payment order despite the existence on the execution date of a withdrawable credit balance in an authorized account of the sender sufficient to cover the order. If the sender does not receive notice of rejection of the order on the execution date and the authorized account of the sender does not bear interest, the bank is obliged to pay interest to the sender on the amount of the order for the number of days elapsing after the execution date to the earlier of the day the order is canceled pursuant to subsection (d) of § 8.4A-211 or the day the sender receives notice or learns that the order was not executed, counting the final day of the period as an elapsed day. If the withdrawable credit balance during that period falls below the amount of the order, the amount of interest is reduced accordingly.c\n\nIf a receiving bank suspends payments, all unaccepted payment orders issued to it are deemed rejected at the time the bank suspends payments.d\n\nAcceptance of a payment order precludes a later rejection of the order. Rejection of a payment order precludes a later acceptance of the order.","order_by":null,"text":{"0":{"id":202533,"text":"A payment order is rejected by the receiving bank by a notice of rejection transmitted to the sender orally or in a record. A notice of rejection need not use any particular words and is sufficient if it indicates that the receiving bank is rejecting the order or will not execute or pay the order. Rejection is effective when the notice is given if transmission is by a means that is reasonable in the circumstances. If notice of rejection is given by a means that is not reasonable, rejection is effective when the notice is received. If an agreement of the sender and receiving bank establishes the means to be used to reject a payment order, (i) any means complying with the agreement is reasonable and (ii) any means not complying is not reasonable unless no significant delay in receipt of the notice resulted from the use of the noncomplying means.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":202534,"text":"This subsection applies if a receiving bank other than the beneficiary’s bank fails to execute a payment order despite the existence on the execution date of a withdrawable credit balance in an authorized account of the sender sufficient to cover the order. If the sender does not receive notice of rejection of the order on the execution date and the authorized account of the sender does not bear interest, the bank is obliged to pay interest to the sender on the amount of the order for the number of days elapsing after the execution date to the earlier of the day the order is canceled pursuant to subsection (d) of § 8.4A-211 or the day the sender receives notice or learns that the order was not executed, counting the final day of the period as an elapsed day. If the withdrawable credit balance during that period falls below the amount of the order, the amount of interest is reduced accordingly.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"c"},"2":{"id":202535,"text":"If a receiving bank suspends payments, all unaccepted payment orders issued to it are deemed rejected at the time the bank suspends payments.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b","next_prefix":"d"},"3":{"id":202536,"text":"Acceptance of a payment order precludes a later rejection of the order. Rejection of a payment order precludes a later acceptance of the order.","type":"section","prefixes":["d"],"prefix":"d","entire_prefix":"d","prefix_anchor":"d","level":1,"prior_prefix":"c"}},"ancestry":[{"id":14106,"edition_id":1,"name":"Issue and Acceptance of Payment Order","identifier":"2","label":"part","depth":2,"order_by":1,"parent_id":13362,"metadata":{},"date_created":"2026-06-26 03:46:53","date_modified":"2026-06-26 03:46:53","permalink":{"id":283223,"object_type":"structure","relational_id":14106,"identifier":"2","token":"8.4A\/2","url":"\/8.4A\/2\/","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":72906,"structure_id":14106,"section_number":"8.4A-201","catch_line":"Security procedure","url":"\/8.4A-201\/","token":"8.4A\/2\/8.4A-201","metadata":false},{"id":81942,"structure_id":14106,"section_number":"8.4A-202","catch_line":"Authorized and verified payment orders","url":"\/8.4A-202\/","token":"8.4A\/2\/8.4A-202","metadata":false},{"id":68248,"structure_id":14106,"section_number":"8.4A-203","catch_line":"Unenforceability of certain verified payment orders","url":"\/8.4A-203\/","token":"8.4A\/2\/8.4A-203","metadata":false},{"id":78010,"structure_id":14106,"section_number":"8.4A-204","catch_line":"Refund of payment and duty of customer to report with respect to unauthorized payment order","url":"\/8.4A-204\/","token":"8.4A\/2\/8.4A-204","metadata":false},{"id":77755,"structure_id":14106,"section_number":"8.4A-205","catch_line":"Erroneous payment orders","url":"\/8.4A-205\/","token":"8.4A\/2\/8.4A-205","metadata":false},{"id":64984,"structure_id":14106,"section_number":"8.4A-206","catch_line":"Transmission of payment order through funds-transfer or other communication system","url":"\/8.4A-206\/","token":"8.4A\/2\/8.4A-206","metadata":false},{"id":59923,"structure_id":14106,"section_number":"8.4A-207","catch_line":"Misdescription of beneficiary","url":"\/8.4A-207\/","token":"8.4A\/2\/8.4A-207","metadata":false},{"id":65335,"structure_id":14106,"section_number":"8.4A-208","catch_line":"Misdescription of intermediary bank or beneficiary's bank","url":"\/8.4A-208\/","token":"8.4A\/2\/8.4A-208","metadata":false},{"id":78930,"structure_id":14106,"section_number":"8.4A-209","catch_line":"Acceptance of payment order","url":"\/8.4A-209\/","token":"8.4A\/2\/8.4A-209","metadata":false},{"id":55237,"structure_id":14106,"section_number":"8.4A-210","catch_line":"Rejection of payment order","url":"\/8.4A-210\/","token":"8.4A\/2\/8.4A-210","metadata":false},{"id":85898,"structure_id":14106,"section_number":"8.4A-211","catch_line":"Cancellation and amendment of payment order","url":"\/8.4A-211\/","token":"8.4A\/2\/8.4A-211","metadata":false},{"id":69041,"structure_id":14106,"section_number":"8.4A-212","catch_line":"Liability and duty of receiving bank regarding unaccepted payment order","url":"\/8.4A-212\/","token":"8.4A\/2\/8.4A-212","metadata":false}],"previous_section":{"id":78930,"structure_id":14106,"section_number":"8.4A-209","catch_line":"Acceptance of payment order","url":"\/8.4A-209\/","token":"8.4A\/2\/8.4A-209","metadata":false},"next_section":{"id":85898,"structure_id":14106,"section_number":"8.4A-211","catch_line":"Cancellation and amendment of payment order","url":"\/8.4A-211\/","token":"8.4A\/2\/8.4A-211","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4A-210\/","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. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2024, chapter 652<\/a>.<\/p>","references":false,"refers_to":[{"id":85898,"section_number":"8.4A-211","catch_line":"Cancellation and amendment of payment order","order_by":null,"url":"\/8.4A-211\/"}],"permalink":{"id":283261,"object_type":"law","relational_id":55237,"identifier":"8.4A-210","token":"8.4A\/2\/8.4A-210","url":"\/8.4A-210\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4A-210\/","token":"8.4A\/2\/8.4A-210","dublin_core":{"Title":"Rejection of payment order","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4A-210","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> A payment order<\/span> is rejected by the receiving bank by a notice of rejection transmitted to the sender orally or in a record. A notice of rejection need not use any particular words and is sufficient if it indicates that the receiving bank is rejecting the order<\/span> or will not execute or pay the order<\/span>. Rejection is effective when the notice is given if transmission is by a means that is reasonable in the circumstances. If notice of rejection is given by a means that is not reasonable, rejection is effective when the notice is received. If an agreement of the sender and receiving bank establishes the means to be used to reject a payment order<\/span>, (i) any means complying with the agreement is reasonable and (ii) any means not complying is not reasonable unless no significant delay in receipt of the notice resulted from the use of the noncomplying means. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> This subsection applies if a receiving bank other than the beneficiary’s bank fails to execute a payment order<\/span> despite the existence on the execution date of a withdrawable credit balance in an authorized account of the sender sufficient to cover the order<\/span>. If the sender does not receive notice of rejection of the order<\/span> on the execution date and the authorized account of the sender does not bear interest, the bank is obliged to pay interest to the sender on the amount of the order<\/span> for the number of days elapsing after the execution date to the earlier of the day the order<\/span> is canceled pursuant to subsection (d) of § 8.4A-211<\/a> or the day the sender receives notice or learns that the order<\/span> was not executed, counting the final day of the period as an elapsed day. If the withdrawable credit balance during that period falls below the amount of the order<\/span>, the amount of interest is reduced accordingly. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> If a receiving bank suspends payments, all unaccepted payment orders<\/span> issued to it are deemed rejected at the time the bank suspends payments. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

d.<\/span> Acceptance of a payment order<\/span> precludes a later rejection of the order<\/span>. Rejection of a payment order<\/span> precludes a later acceptance of the order<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREJECTION OF PAYMENT ORDER (\u00a7 8.4A-210)\n\na. A payment order is rejected by the receiving bank by a notice of rejection\ntransmitted to the sender orally or in a record. A notice of rejection need not\nuse any particular words and is sufficient if it indicates that the receiving\nbank is rejecting the order or will not execute or pay the order. Rejection is\neffective when the notice is given if transmission is by a means that is\nreasonable in the circumstances. If notice of rejection is given by a means that\nis not reasonable, rejection is effective when the notice is received. If an\nagreement of the sender and receiving bank establishes the means to be used to\nreject a payment order, (i) any means complying with the agreement is reasonable\nand (ii) any means not complying is not reasonable unless no significant delay\nin receipt of the notice resulted from the use of the noncomplying means.\n\nb. This subsection applies if a receiving bank other than the\nbeneficiary’s bank fails to execute a payment order despite the existence\non the execution date of a withdrawable credit balance in an authorized account\nof the sender sufficient to cover the order. If the sender does not receive\nnotice of rejection of the order on the execution date and the authorized\naccount of the sender does not bear interest, the bank is obliged to pay\ninterest to the sender on the amount of the order for the number of days\nelapsing after the execution date to the earlier of the day the order is\ncanceled pursuant to subsection (d) of § 8.4A-211 or the day the sender\nreceives notice or learns that the order was not executed, counting the final\nday of the period as an elapsed day. If the withdrawable credit balance during\nthat period falls below the amount of the order, the amount of interest is\nreduced accordingly.\n\nc. If a receiving bank suspends payments, all unaccepted payment orders issued\nto it are deemed rejected at the time the bank suspends payments.\n\nd. Acceptance of a payment order precludes a later rejection of the order.\nRejection of a payment order precludes a later acceptance of the order.\n\nHISTORY: 1990, c. 9; 2024, c. 652.","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}}