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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73346</law_id><section_number>8.4A-505</section_number><catch_line>Preclusion of objection to debit of customer&amp;#8217;s account</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.4A">Commercial Code &#x2014; Funds Transfers</unit><unit label="part" level="2" order_by="1" identifier="5">Miscellaneous Provisions</unit></structure><text>
						<section><p>If a receiving bank has received payment from its customer with respect to a payment <span class="dictionary">order</span> issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the <span class="dictionary">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&#x2019;s objection to the payment within one year after the notification was received by the customer.</p></section></text><history>1990, c. 9.</history><metadata></metadata></law>
