reglab/housing_qa huggingface dataset:
NY UCC § 4-401 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-401 - When Bank May Charge Customer's Account.

Section 4--401. When Bank May Charge Customer's Account.  (1) As against its customer, a bank may charge against his account any item  which  is otherwise properly payable from that account even though the charge creates an overdraft.  (2) A bank which in good faith makes payment to a  holder  may  charge the indicated account of its customer according to       (a) the original tenor of his altered item; or       (b) the  tenor  of his completed item, even though the bank knows            the item has been completed unless the bank has  notice  that            the completion was improper.
NY UCC § 4-402 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-402 - Bank's Liability to Customer for Wrongful Dishonor.

Section 4--402. Bank's Liability to Customer for Wrongful Dishonor.A  payor bank is liable to its customer for damages proximately caused   by the wrongful dishonor of an item. When the  dishonor  occurs  through   mistake liability is limited to actual damages proved. If so proximately   caused  and  proved  damages  may  include  damages  for  an  arrest  or   prosecution of the customer or other consequential damages. Whether  any   consequential damages are proximately caused by the wrongful dishonor is   a question of fact to be determined in each case.
NY UCC § 4-403 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-403 - Customer's Right to Stop Payment; Burden of Proof of Loss.

Section 4--403. Customer's  Right  to  Stop  Payment; Burden of Proof of                   Loss.  (1) A customer may by order to his  bank  stop  payment  of  any  item payable  for his account but the order must be received at such time and in such manner as to afford the bank a reasonable opportunity to act  on it prior to any action by the bank with respect to the item described in Section 4--303.  (2) A remitter or payee of a cashier's check or certified check may by order to the obligated bank stop payment of such a check, and a remitter or  payee  of a teller's check may order the obligated bank to order the payor bank to stop payment of such a check, at  any  time  after  ninety days  from  the date of issuance of either a cashier's check or teller's check, and date of certification of a certified check. The stop  payment is  effective  if either the remitter or payee delivers to the obligated bank at a time and in a manner affording a reasonable opportunity to act before any of the actions described in Section 4--303 (1) are taken: (i) a written order to stop payment, which  shall  describe  the  item  with reasonable  certainty,  and  (ii)  an affidavit of the remitter or payee containing an averment that the check  was  destroyed,  its  whereabouts cannot  be determined, or it is in the wrongful possession of an unknown person or a person that cannot be found or is not amenable to service of process.  (3) An oral order is binding upon the bank only for fourteen  calendar days  unless confirmed in writing within that period. A written order is effective for only six months unless renewed in writing.  (4) The burden of establishing the fact and amount of  loss  resulting from  the payment of an item contrary to a binding stop payment order is on the customer, remitter or payee.
NY UCC § 4-404 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-404 - Bank Not Obligated to Pay Check More Than Six Months Old.

Section 4--404. Bank  Not  Obligated  to  Pay Check More Than Six MonthsOld.A bank is under no obligation to a customer having a checking  account   to  pay  a  check, other than a certified check, which is presented more   than six months after its date, but it may charge its customer's account   for a payment made thereafter in good faith.
NY UCC § 4-405 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-405 - Death or Incompetence of Customer.

Section 4--405. Death or Incompetence of Customer.  (1)  A  payor or collecting bank's authority to accept, pay or collect an item or to account  for  proceeds  of  its  collection  if  otherwise effective  is  not rendered ineffective by incompetence of a customer of either bank existing at the time the item is issued or its collection is undertaken if the bank does not know of an adjudication of incompetence. Neither death nor incompetence of a customer revokes such  authority  to accept,  pay,  collect  or  account  until the bank knows of the fact of death  or  of  an  adjudication  of  incompetence  and  has   reasonable opportunity to act on it.  (2)  Even  with  knowledge  a  bank may for ten days after the date of death pay or certify checks drawn  on  or  prior  to  that  date  unless ordered to stop payment by a person claiming an interest in the account.
NY UCC § 4-406 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-406 - Customer's Duty to Discover and Report Unauthorized Signature or Alteration.

Section 4--406. Customer's  Duty  to  Discover  and  Report Unauthorized                   Signature or Alteration.  (1) When  a  bank  sends  to  its  customer  a  statement  of  account accompanied  by items paid in good faith in support of the debit entries or holds the statement and items pursuant to a request  or  instructions of  its customer or otherwise in a reasonable manner makes the statement and  items  available  to  the  customer,  the  customer  must  exercise reasonable  care  and  promptness  to examine the statement and items to discover his unauthorized signature or any alteration  on  an  item  and must notify the bank promptly after discovery thereof.  (2)  If  the bank establishes that the customer failed with respect to an item to comply with the duties imposed on the customer by  subsection (1) the customer is precluded from asserting against the bank       (a) his  unauthorized  signature or any alteration on the item if            the bank also establishes that it suffered a loss  by  reason            of such failure; and       (b) an unauthorized signature or alteration by the same wrongdoer            on  any  other  item paid in good faith by the bank after the            first item and statement was available to the customer for  a            reasonable  period  not  exceeding fourteen calendar days and            before the bank receives notification from  the  customer  of            any such unauthorized signature or alteration.  (3) The preclusion under subsection (2) does not apply if the customer establishes  lack of ordinary care on the part of the bank in paying the item(s).  (4) Without regard to care or lack of care of either the  customer  or the  bank  a  customer  who  does  not within one year from the time the statement and items are made available to the customer (subsection  (1)) discover  and report his unauthorized signature or any alteration on the face or back of the item or does not within three years from  that  time discover  and  report  any  unauthorized  indorsement  is precluded from asserting against the bank such unauthorized signature or indorsement or such alteration.  (5) If under this section a payor bank has a valid defense  against  a claim of a customer upon or resulting from payment of an item and waives or  fails  upon  request  to  assert the defense the bank may not assert against  any  collecting  bank  or  other  prior  party  presenting   or transferring  the  item a claim based upon the unauthorized signature or alteration giving rise to the customer's claim.
NY UCC § 4-407 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-407 - Payor Bank's Right to Subrogation on Improper Payment.

Section 4--407. Payor Bank's Right to Subrogation on Improper Payment.If  a  payor  bank has paid an item over the stop payment order of the   drawer or maker or otherwise under  circumstances  giving  a  basis  for   objection  by the drawer or maker, to prevent unjust enrichment and only   to the extent necessary to prevent loss to the bank  by  reason  of  its   payment of the item, the payor bank shall be subrogated to the rights(a) of any holder in due course on the item against the drawer ormaker; and(b) of  the  payee  or  any  other holder of the item against thedrawer or maker either on the item or under  the  transactionout of which the item arose; and(c) of  the drawer or maker against the payee or any other holderof the item with respect to the transaction out of which  theitem arose.
NY UCC § 4-408 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 4 - Relationship Between Payor Bank and Its Customer 4-408 - Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check.

Section 4--408. Rights and Liabilities of Remitter or Payee With Respect                   to  Cashier's  Check,  Teller's  Check  and  Certified                   Check.  (1) This section applies if  a  cashier's  check,  teller's  check  or certified  check  is  not presented for payment on or before ninety days from the date of issuance of a cashier's check or teller's check, or the date of certification of a certified check.  (2) The remitter or payee that causes payment of  a  cashier's  check, teller's  check  or  certified  check  to be stopped pursuant to Section 4--403 (2) engages that upon dishonor of the  check  and  any  necessary notice  of  dishonor he will pay, subject to defenses, the amount of the check to any subsequent holder or indorser who takes it up.  (3) When a stop payment order pursuant to Section 4--403  (2)  becomes effective  the obligated bank shall refund the amount of the item to the remitter or payee that issued the stop payment order, and shall have  no further liability on the item.
NY UCC § 4-501 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 5 - Collection of Documentary Drafts 4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor.

Section 4--501. Handling   of  Documentary  Drafts;  Duty  to  Send  forPresentment and to Notify Customer of Dishonor.A bank which takes a documentary draft for collection must present  or   send  the  draft  and  accompanying  documents  for presentment and upon   learning that the draft has not been paid or accepted in due course must   seasonably notify its customer of such fact  even  though  it  may  have   discounted  or  bought  the  draft  or  extended  credit  available  for   withdrawal as of right.
NY UCC § 4-502 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 5 - Collection of Documentary Drafts 4-502 - Presentment of "On Arrival" Drafts.

Section 4--502. Presentment of "On Arrival" Drafts.When  a  draft  or  the  relevant instructions require presentment "on   arrival", "when goods arrive" or the like, the collecting bank need  not   present until in its judgment a reasonable time for arrival of the goods   has expired. Refusal to pay or accept because the goods have not arrived   is not dishonor; the bank must notify its transferor of such refusal but   need  not  present  the  draft  again until it is instructed to do so or   learns of the arrival of the goods.
NY UCC § 4-503 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 5 - Collection of Documentary Drafts 4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need.

Section 4--503. Responsibility  of  Presenting  Bank  for  Documents and                   Goods; Report of Reasons for Dishonor; Referee in Case                   of Need.   Unless otherwise instructed and except as provided in Article 5 a bank presenting a documentary draft  (a) must deliver the documents to the  drawee  on  acceptance  of  the draft  if  it  is  payable  more  than  three  days  after  presentment; otherwise, only on payment; and  (b) upon dishonor, either in the case of presentment for acceptance or presentment for payment, may  seek  and  follow  instructions  from  any referee  in  case  of  need designated in the draft or if the presenting bank does not choose to utilize his services it must use  diligence  and good  faith  to  ascertain  the  reason  for  dishonor,  must notify its transferor of the dishonor and of the results of its effort to ascertain the reasons therefor and must request instructions. But the presenting bank is under no obligation  with  respect  to  goods represented   by   the   documents   except  to  follow  any  reasonable instructions seasonably received; it has a right  to  reimbursement  for any  expense  incurred in following instructions and to prepayment of or indemnity for such expenses.
NY UCC § 4-504 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 5 - Collection of Documentary Drafts 4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses.

Section 4--504. Privilege   of  Presenting  Bank  to  Deal  With  Goods;                   Security Interest for Expenses.  (1) A presenting bank which, following the dishonor of  a  documentary draft,  has  seasonably requested instructions but does not receive them within a reasonable time may store, sell, or  otherwise  deal  with  the goods in any reasonable manner.  (2)  For  its  reasonable expenses incurred by action under subsection (1) the presenting bank has a lien upon the  goods  or  their  proceeds, which may be foreclosed in the same manner as an unpaid seller's lien.
NY UCC § 4-A-101 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-101 - Short Title.

Section 4-A-101. Short Title.This  Article  may  be  cited  as  uniform  commercial  code  -- funds   transfers.
NY UCC § 4-A-102 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-102 - Subject Matter.

Section 4-A-102. Subject Matter.Except  as otherwise provided in Section 4-A-108, this Article applies   to funds transfers defined in Section 4-A-104.
NY UCC § 4-A-103 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-103 - Payment Order-Definitions.

Section 4-A-103. Payment Order-Definitions.  (1) In this article:       (a) "Payment  order"  means  an  instruction  of  a  sender  to a            receiving bank, transmitted  orally,  electronically,  or  in            writing,  to pay, or to cause another bank to pay, a fixed or            determinable amount of money to a beneficiary if:           (i) the instruction does not state a condition to payment  to                the beneficiary other than time of payment,          (ii) the  receiving  bank  is  to be reimbursed by debiting an                account of, or  otherwise  receiving  payment  from,  the                sender, and         (iii) the  instruction is transmitted by the sender directly to                the receiving bank or to an agent, funds transfer system,                or communication system for transmittal to the  receiving                bank.       (b) "Beneficiary"   means   the   person   to   be  paid  by  the            beneficiary's bank.       (c) "Beneficiary's bank" means the bank identified in  a  payment            order  in  which  an  account  of  the  beneficiary  is to be            credited pursuant to the order or which otherwise is to  make            payment  to the beneficiary if the order does not provide for            payment to an account.       (d) "Receiving  bank"  means  the  bank  to  which  the  sender's            instruction is addressed.       (e) "Sender"  means  the  person  giving  the  instruction to the            receiving bank.  (2) If an instruction complying with paragraph (a) of  subsection  (1) is  to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment.  (3) A payment order is issued when it is sent to the receiving bank.
NY UCC § 4-A-104 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-104 - Funds Transfer-Definitions.

Section 4-A-104. Funds Transfer-Definitions.   In this article:  (1)  "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.  (2)  "Intermediary  bank"  means  a  receiving  bank  other  than  the originator's bank or the beneficiary's bank.  (3) "Originator" means the sender of the  first  payment  order  in  a funds transfer.  (4)  "Originator's  bank"  means  (a)  the receiving bank to which the payment order of the originator is issued if the  originator  is  not  a bank, or (b) the originator if the originator is a bank.
NY UCC § 4-A-106 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-106 - Time Payment Order Is Received.

Section 4-A-106. Time Payment Order is Received.  (1) The time of receipt of a payment order or communication cancelling or  amending  a  payment  order is determined by the rules applicable to receipt of a notice stated in Section 1--202. A receiving bank may fix a cut-off time or times on a funds-transfer business day for  the  receipt and  processing  of  payment  orders  and  communications  cancelling or amending payment orders. Different cut-off times may  apply  to  payment orders,  cancellations,  or  amendments,  or  to different categories of payment orders, cancellations, or amendments. A cut-off time  may  apply to  senders  generally or different cut-off times may apply to different senders  or  categories  of  payment  orders.  If  a  payment  order  or communication  cancelling  or amending a payment order is received after the close of a funds-transfer business  day  or  after  the  appropriate cut-off  time  on  a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the  opening  of the next funds-transfer business day.  (2)  If  this  Article  refers to an execution date or payment date or states a day on which a receiving bank is required to take  action,  and the date or day does not fall on a funds-transfer business day, the next day  that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this Article.
NY UCC § 4-A-107 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-107 - Federal Reserve Regulations and Operating Circulars.

Section 4-A-107. Federal Reserve Regulations and Operating Circulars.Regulations  of  the  Board of Governors of the Federal Reserve System   and operating circulars of  the  Federal  Reserve  Banks  supersede  any   inconsistent   provision   of   this   Article  to  the  extent  of  the   inconsistency.
NY UCC § 4-A-108 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 1 - Subject Matter and Definitions 4-A-108 - Relationship to Electronic Fund Transfer Act.

Section 4-A-108. Relationship to Electronic Fund Transfer Act.  (1) Except as provided in subsection (2) of this section, this Article does  not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978 (Title XX, Public  Law  95-630,  92 Stat. 3728, 15 U.S.C. §1693 et seq.) as amended from time to time.  (2)  This Article shall apply to a funds transfer that is a remittance transfer as defined in the Electronic Fund Transfer Act (15 U.S.C.  Sec. 1693o-1)  as amended from time to time unless the remittance transfer is an electronic fund transfer as defined in the Electronic  Fund  Transfer Act (15 U.S.C. Sec. 1693a) as amended from time to time.  (3) In a funds transfer to which this Article applies, in the event of an  inconsistency between an applicable provision of this Article and an applicable provision of the Electronic Fund Transfer Act, the  provision of  the  Electronic  Fund  Transfer  Act  governs  to  the extent of the inconsistency.
NY UCC § 4-A-201 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-201 - Security Procedure.

Section 4-A-201. Security Procedure."Security  procedure"  means a procedure established by agreement of a   customer and a receiving bank for the purpose of (1)  verifying  that  a   payment order or communication amending or cancelling a payment order is   that  of the customer, or (2) detecting error in the transmission or the   content of the payment order or communication. A security procedure  may   require  the  use  of  algorithms  or  other codes, identifying words or   numbers, encryption, callback procedures, or similar  security  devices.   Comparison  of  a  signature on a payment order or communication with an   authorized specimen signature  of  the  customer  is  not  by  itself  a   security procedure.