{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4A-304.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4A-304.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4A-304.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4A-304.html"}],"law_id":63931,"edition_id":1,"section_id":63931,"structure_id":15670,"section_number":"8.4A-304","catch_line":"Duty of sender to report erroneously executed payment order","history":"1990, c. 9.","full_text":"If the sender of a payment order that is erroneously executed as stated in \u00a7 8.4A-303 receives notification from the receiving bank that the order was executed or that the sender’s account was debited with respect to the order, the sender has a duty to exercise ordinary care to determine, on the basis of information available to the sender, that the order was erroneously executed and to notify the bank of the relevant facts within a reasonable time not exceeding ninety days after the notification from the bank was received by the sender. If the sender fails to perform that duty, the bank is not obliged to pay interest on any amount refundable to the sender under subsection (d) of \u00a7 8.4A-402 for the period before the bank learns of the execution error. The bank is not entitled to any recovery from the sender on account of a failure by the sender to perform the duty stated in this section.","order_by":null,"text":{"0":{"id":232833,"text":"If the sender of a payment order that is erroneously executed as stated in \u00a7 8.4A-303 receives notification from the receiving bank that the order was executed or that the sender’s account was debited with respect to the order, the sender has a duty to exercise ordinary care to determine, on the basis of information available to the sender, that the order was erroneously executed and to notify the bank of the relevant facts within a reasonable time not exceeding ninety days after the notification from the bank was received by the sender. If the sender fails to perform that duty, the bank is not obliged to pay interest on any amount refundable to the sender under subsection (d) of \u00a7 8.4A-402 for the period before the bank learns of the execution error. The bank is not entitled to any recovery from the sender on account of a failure by the sender to perform the duty stated in this section.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15670,"edition_id":1,"name":"Execution of Sender's Payment Order by Receiving Bank","identifier":"3","label":"part","depth":2,"order_by":1,"parent_id":13362,"metadata":{},"date_created":"2026-06-26 03:57:39","date_modified":"2026-06-26 03:57:39","permalink":{"id":283273,"object_type":"structure","relational_id":15670,"identifier":"3","token":"8.4A\/3","url":"\/8.4A\/3\/","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":59952,"structure_id":15670,"section_number":"8.4A-301","catch_line":"Execution and execution date","url":"\/8.4A-301\/","token":"8.4A\/3\/8.4A-301","metadata":false},{"id":62619,"structure_id":15670,"section_number":"8.4A-302","catch_line":"Obligations of receiving bank in execution of payment order","url":"\/8.4A-302\/","token":"8.4A\/3\/8.4A-302","metadata":false},{"id":84794,"structure_id":15670,"section_number":"8.4A-303","catch_line":"Erroneous execution of payment order","url":"\/8.4A-303\/","token":"8.4A\/3\/8.4A-303","metadata":false},{"id":63931,"structure_id":15670,"section_number":"8.4A-304","catch_line":"Duty of sender to report erroneously executed payment order","url":"\/8.4A-304\/","token":"8.4A\/3\/8.4A-304","metadata":false},{"id":75010,"structure_id":15670,"section_number":"8.4A-305","catch_line":"Liability for late or improper execution or failure to execute payment order","url":"\/8.4A-305\/","token":"8.4A\/3\/8.4A-305","metadata":false}],"previous_section":{"id":84794,"structure_id":15670,"section_number":"8.4A-303","catch_line":"Erroneous execution of payment order","url":"\/8.4A-303\/","token":"8.4A\/3\/8.4A-303","metadata":false},"next_section":{"id":75010,"structure_id":15670,"section_number":"8.4A-305","catch_line":"Liability for late or improper execution or failure to execute payment order","url":"\/8.4A-305\/","token":"8.4A\/3\/8.4A-305","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4A-304\/","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":81579,"section_number":"8.4A-402","catch_line":"Obligation of sender to pay receiving bank","order_by":null,"url":"\/8.4A-402\/"}],"refers_to":[{"id":84794,"section_number":"8.4A-303","catch_line":"Erroneous execution of payment order","order_by":null,"url":"\/8.4A-303\/"},{"id":81579,"section_number":"8.4A-402","catch_line":"Obligation of sender to pay receiving bank","order_by":null,"url":"\/8.4A-402\/"}],"permalink":{"id":283287,"object_type":"law","relational_id":63931,"identifier":"8.4A-304","token":"8.4A\/3\/8.4A-304","url":"\/8.4A-304\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4A-304\/","token":"8.4A\/3\/8.4A-304","dublin_core":{"Title":"Duty of sender to report erroneously executed payment order","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4A-304","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If the sender of a payment order<\/span> that is erroneously executed as stated in \u00a7 8.4A-303<\/a> receives notification from the receiving bank that the order<\/span> was executed or that the sender’s account was debited with respect to the order<\/span>, the sender has a duty to exercise ordinary care to determine, on the basis of information available to the sender, that the order<\/span> was erroneously executed and to notify the bank of the relevant facts<\/span> within a reasonable time not exceeding ninety days after the notification from the bank was received by the sender. If the sender fails to perform that duty, the bank is not obliged to pay interest on any amount refundable to the sender under subsection (d) of \u00a7 8.4A-402<\/a> for the period before the bank learns of the execution error. The bank is not entitled to any recovery from the sender on account of a failure by the sender to perform the duty stated in this section.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT ORDER (\u00a7 8.4A-304)\n\nIf the sender of a payment order that is erroneously executed as stated in \u00a7\n8.4A-303 receives notification from the receiving bank that the order was\nexecuted or that the sender’s account was debited with respect to the\norder, the sender has a duty to exercise ordinary care to determine, on the\nbasis of information available to the sender, that the order was erroneously\nexecuted and to notify the bank of the relevant facts within a reasonable time\nnot exceeding ninety days after the notification from the bank was received by\nthe sender. If the sender fails to perform that duty, the bank is not obliged to\npay interest on any amount refundable to the sender under subsection (d) of \u00a7\n8.4A-402 for the period before the bank learns of the execution error. The bank\nis not entitled to any recovery from the sender on account of a failure by the\nsender to perform the duty stated in this section.\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}}