{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4A-505.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4A-505.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4A-505.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4A-505.html"}],"law_id":73346,"edition_id":1,"section_id":73346,"structure_id":15605,"section_number":"8.4A-505","catch_line":"Preclusion of objection to debit of customer’s account","history":"1990, c. 9.","full_text":"If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.","order_by":null,"text":{"0":{"id":263955,"text":"If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15605,"edition_id":1,"name":"Miscellaneous Provisions","identifier":"5","label":"part","depth":2,"order_by":1,"parent_id":13362,"metadata":{},"date_created":"2026-06-26 03:56:47","date_modified":"2026-06-26 03:56:47","permalink":{"id":283321,"object_type":"structure","relational_id":15605,"identifier":"5","token":"8.4A\/5","url":"\/8.4A\/5\/","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":79909,"structure_id":15605,"section_number":"8.4A-501","catch_line":"Variation by agreement and effect of funds-transfer system rule","url":"\/8.4A-501\/","token":"8.4A\/5\/8.4A-501","metadata":false},{"id":59560,"structure_id":15605,"section_number":"8.4A-502","catch_line":"Creditor process served on receiving bank; setoff by beneficiary's bank","url":"\/8.4A-502\/","token":"8.4A\/5\/8.4A-502","metadata":false},{"id":86903,"structure_id":15605,"section_number":"8.4A-503","catch_line":"Injunction or restraining order with respect to funds transfer","url":"\/8.4A-503\/","token":"8.4A\/5\/8.4A-503","metadata":false},{"id":74780,"structure_id":15605,"section_number":"8.4A-504","catch_line":"Order in which items and payment orders may be charged to account; order of withdrawals from account","url":"\/8.4A-504\/","token":"8.4A\/5\/8.4A-504","metadata":false},{"id":73346,"structure_id":15605,"section_number":"8.4A-505","catch_line":"Preclusion of objection to debit of customer's account","url":"\/8.4A-505\/","token":"8.4A\/5\/8.4A-505","metadata":false},{"id":69858,"structure_id":15605,"section_number":"8.4A-506","catch_line":"Rate of interest","url":"\/8.4A-506\/","token":"8.4A\/5\/8.4A-506","metadata":false},{"id":64515,"structure_id":15605,"section_number":"8.4A-507","catch_line":"Choice of law","url":"\/8.4A-507\/","token":"8.4A\/5\/8.4A-507","metadata":false}],"previous_section":{"id":74780,"structure_id":15605,"section_number":"8.4A-504","catch_line":"Order in which items and payment orders may be charged to account; order of withdrawals from account","url":"\/8.4A-504\/","token":"8.4A\/5\/8.4A-504","metadata":false},"next_section":{"id":69858,"structure_id":15605,"section_number":"8.4A-506","catch_line":"Rate of interest","url":"\/8.4A-506\/","token":"8.4A\/5\/8.4A-506","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4A-505\/","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":false,"refers_to":false,"permalink":{"id":283339,"object_type":"law","relational_id":73346,"identifier":"8.4A-505","token":"8.4A\/5\/8.4A-505","url":"\/8.4A-505\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4A-505\/","token":"8.4A\/5\/8.4A-505","dublin_core":{"Title":"Preclusion of objection to debit of customer’s account","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4A-505","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If a receiving bank has received payment from its customer with respect to a payment order<\/span> issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order<\/span>, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER’S ACCOUNT (\u00a7 8.4A-505)\n\nIf a receiving bank has received payment from its customer with respect to a\npayment order issued in the name of the customer as sender and accepted by the\nbank, and the customer received notification reasonably identifying the order,\nthe customer is precluded from asserting that the bank is not entitled to retain\nthe payment unless the customer notifies the bank of the customer’s\nobjection to the payment within one year after the notification was received by\nthe customer.\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}}