reglab/housing_qa huggingface dataset:
NY UCC § 4-A-202 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-202 - Authorized and Verified Payment Orders.

Section 4-A-202. Authorized and Verified Payment Orders.  (1)  A  payment order received by the receiving bank is the authorized order of the person identified as sender if that person  authorized  the order or is otherwise bound by it under the law of agency.  (2)  If  a  bank and its customer have agreed that the authenticity of payment orders issued to the bank in the name of the customer as  sender will  be  verified  pursuant  to  a  security procedure, a payment order received by the  receiving  bank  is  effective  as  the  order  of  the customer,  whether or not authorized, if (a) the security procedure is a commercially   reasonable   method   of   providing   security   against unauthorized  payment  orders,  and (b) the bank proves that it accepted the payment order in good faith and  in  compliance  with  the  security procedure  and  any  written  agreement  or  instruction of the customer restricting acceptance of payment orders  issued  in  the  name  of  the customer.  The  bank  is  not  required  to  follow  an instruction that violates a written agreement with the customer or notice of which is not received at a time and in a  manner  affording  the  bank  a  reasonable opportunity to act on it before the payment order is accepted.  (3) Commercial reasonableness of a security procedure is a question of law to be determined by considering the wishes of the customer expressed to  the  bank,  the  circumstances  of  the  customer known to the bank, including the size, type,  and  frequency  of  payment  orders  normally issued  by  the  customer  to  the bank, alternative security procedures offered to the customer, and  security  procedures  in  general  use  by customers  and  receiving banks similarly situated. A security procedure is deemed to be commercially reasonable if (a)  the  security  procedure was  chosen  by  the  customer  after the bank offered, and the customer refused, a security procedure that was commercially reasonable for  that customer,  and  (b) the customer expressly agreed in writing to be bound by any payment order, whether or not authorized, issued in its name  and accepted by the bank in compliance with the security procedure chosen by the customer.  (4)  The  term "sender" in this Article includes the customer in whose name a payment order is issued if the order is the authorized  order  of the  customer  under  subsection (1), or it is effective as the order of the customer under subsection (2).  (5) This section applies to amendments and  cancellations  of  payment orders to the same extent it applies to payment orders.  (6)  Except  as  provided  in  this  section  and  in paragraph (a) of subsection (l) of Section 4-A-203, rights and obligations arising  under this section or Section 4-A-203 may not be varied by agreement.
NY UCC § 4-A-203 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-203 - Unenforceability of Certain Verified Payment Orders.

Section 4-A-203. Unenforceability of Certain Verified Payment Orders.  (1)  If  an  accepted  payment  order  is not, under subsection (1) of Section 4-A-202, an authorized order of a customer identified as sender, but is effective as an order of the customer pursuant to subsection  (2) of Section 4-A-202, the following rules apply:       (a) By  express  written  agreement, the receiving bank may limit            the extent to which it  is  entitled  to  enforce  or  retain            payment of the payment order.       (b) The  receiving  bank  is  not  entitled  to enforce or retain            payment of the payment order if the customer proves that  the            order was not caused, directly or indirectly, by a person (i)            entrusted  at  any  time  with duties to act for the customer            with respect to payment orders or the security procedure,  or           (ii)  who  obtained  access to transmitting facilities of the            customer or who obtained, from a  source  controlled  by  the            customer   and  without  authority  of  the  receiving  bank,            information facilitating breach of  the  security  procedure,            regardless of how the information was obtained or whether the            customer  was  at  fault.    Information  includes any access            device, computer software, or the like.  (2) This section applies to amendments of payment orders to  the  same extent it applies to payment orders.
NY UCC § 4-A-204 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-204 - Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order.

Section 4-A-204. Refund  of  Payment and Duty of Customer to Report With                    Respect to Unauthorized Payment Order.  (1) If a receiving bank accepts a payment order issued in the name  of its  customer as sender which is (a) not authorized and not effective as the order of the customer under Section 4-A-202, or (b) not enforceable, in whole or in part, against the customer  under  Section  4-A-203,  the bank  shall  refund  any  payment of the payment order received from the customer to the extent the bank is not entitled to enforce  payment  and shall pay interest on the refundable amount calculated from the date the bank  received  payment to the date of the refund. However, the customer is not entitled to interest from the bank on the amount to  be  refunded if  the  customer  fails to exercise ordinary care to determine that the order was not authorized by the customer and to notify the bank  of  the relevant  facts within a reasonable time not exceeding ninety days after the date the customer received notification from the bank that the order was accepted or that the customer's account was debited with respect  to the order. The bank is not entitled to any recovery from the customer on account  of  a failure by the customer to give notification as stated in this section.  (2) Reasonable time under subsection (1) may be fixed by agreement  as stated  in  subsection  (b)  of  Section 1--302, but the obligation of a receiving bank to refund payment as stated in  subsection  (b)  may  not otherwise be varied by agreement.
NY UCC § 4-A-205 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-205 - Erroneous Payment Orders.

Section 4-A-205. Erroneous Payment Orders.  (1)  If  an  accepted  payment  order  was  transmitted  pursuant to a security procedure for the detection of error and the payment order  (i) erroneously  instructed  payment  to  a  beneficiary not intended by the sender, (ii) erroneously instructed payment in an  amount  greater  than the  amount  intended  by  the  sender,  or  (iii)  was  an  erroneously transmitted duplicate of a payment order previously sent by the  sender, the following rules apply:       (a) If  the  sender  proves that the sender or a person acting on            behalf of the sender pursuant  to  Section  4-A-206  complied            with  the  security  procedure  and that the error would have            been detected if the receiving bank had  also  complied,  the            sender  is  not obliged to pay the order to the extent stated            in paragraphs (b) and (c).       (b) If the funds  transfer  is  completed  on  the  basis  of  an            erroneous  payment  order described in clause (i) or (iii) of            subsection (1), the sender is not obliged to  pay  the  order            and  the  receiving  bank  is  entitled  to  recover from the            beneficiary any amount paid to the beneficiary to the  extent            allowed by the law governing mistake and restitution.       (c) If  the funds transfer is completed on the basis of a payment            order described in clause (ii) of subsection (1), the  sender            is  not  obliged  to  pay  the order to the extent the amount            received by  the  beneficiary  is  greater  than  the  amount            intended  by the sender.  In that case, the receiving bank is            entitled to recover from the beneficiary  the  excess  amount            received  to  the extent allowed by the law governing mistake            and restitution.  (2) If (i) the sender of  an  erroneous  payment  order  described  in subsection  (1) is not obliged to pay all or part of the order, and (ii) the sender receives notification from the receiving bank that the  order was  accepted  by the bank or that the sender's account was debited with respect to the order, the sender has a duty to exercise  ordinary  care, on  the  basis  of  information available to the sender, to discover the error with respect to the order and to advise the bank of  the  relevant facts  within  a  reasonable  time, not exceeding ninety days, after the bank's notification was received by the sender. If the bank proves  that the sender failed to perform that duty, the sender is liable to the bank for the loss the bank proves it incurred as a result of the failure, but the  liability  of  the sender may not exceed the amount of the sender's order.  (3) This section applies to amendments to payment orders to  the  same extent it applies to payment orders.
NY UCC § 4-A-206 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-206 - Transmission of Payment Order Through Funds-Transfer or Other Communication System.

Section 4-A-206. Transmission of Payment Order Through Funds-Transfer or                    Other Communication System.  (1) If a payment order addressed to a receiving bank is transmitted to a  funds-transfer  system  or other third-party communication system for transmittal to the bank, the system is deemed to  be  an  agent  of  the sender  for  the  purpose of transmitting the payment order to the bank. If there is a  discrepancy  between  the  terms  of  the  payment  order transmitted to the system and the terms of the payment order transmitted by  the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This section does not  apply  to  a funds-transfer system of the Federal Reserve Banks.  (2)  This  section  applies to cancellations and amendments of payment orders to the same extent it applies to payment orders.
NY UCC § 4-A-210 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-210 - Rejection of Payment Order.

Section 4-A-210. Rejection of Payment Order.  (1)  A  payment order is rejected by the receiving bank by a notice of rejection transmitted  to  the  sender  orally,  electronically,  or  in writing.  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.  (2) 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  cancelled  pursuant  to subsection  (4) of Section 4-A-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.  (3)  If  a  receiving  bank  suspends payments, all unaccepted payment orders issued to it are deemed rejected at the time  the  bank  suspends payments.  (4)  Acceptance  of a payment order precludes a later rejection of the order. Rejection of a payment order precludes a later acceptance of  the order.
NY UCC § 4-A-212 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 2 - Issue and Acceptance of Payment Order 4-A-212 - Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order.

Section 4-A-212. Liability   and   Duty   of  Receiving  Bank  RegardingUnaccepted Payment Order.If a receiving bank fails to accept a payment order that it is obliged   by express agreement to accept, the bank is liable  for  breach  of  the   agreement  to  the  extent provided in the agreement or in this Article,   but does not otherwise have any duty  to  accept  a  payment  order  or,   before  acceptance,  to  take any action, or refrain from taking action,   with respect to the order except as  provided  in  this  Article  or  by   express  agreement.  Liability  based  on  acceptance  arises  only when   acceptance occurs as stated in Section 4-A-209, and liability is limited   to that provided in this Article. A receiving bank is not the  agent  of   the  sender  or  beneficiary  of the payment order it accepts, or of any   other party to the funds transfer, and the bank  owes  no  duty  to  any   party  to  the  funds  transfer except as provided in this Article or by   express agreement.
NY UCC § 4-A-301 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 3 - Execution of Sender's Payment Order by Receiving Bank 4-A-301 - Execution and Execution Date.

Section 4-A-301. Execution and Execution Date.  (1) A payment order is "executed" by the receiving bank when it issues a  payment order intended to carry out the payment order received by the bank. A payment order received by the beneficiary's bank can be accepted but cannot be executed.  (2) "Execution date" of a payment order means the  day  on  which  the receiving  bank  may  properly issue a payment order in execution of the sender's order. The execution date may be determined by  instruction  of the sender but cannot be earlier than the day the order is received and, unless  otherwise  determined,  is the day the order is received. If the sender's instruction states a payment date, the execution  date  is  the payment  date  or  an  earlier  date  on  which  execution is reasonably necessary to allow payment to the beneficiary on the payment date.
NY UCC § 4-A-303 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 3 - Execution of Sender's Payment Order by Receiving Bank 4-A-303 - Erroneous Execution of Payment Order.

Section 4-A-303. Erroneous Execution of Payment Order.  (1) A receiving bank that (i) executes the payment order of the sender by  issuing  a payment order in an amount greater than the amount of the sender's order, or (ii) issues a  payment  order  in  execution  of  the sender's order and then issues a duplicate order, is entitled to payment of  the  amount  of  the  sender's order under subsection (3) of Section 4-A-402 if that subsection is otherwise satisfied. The bank is  entitled to  recover  from  the  beneficiary  of  the  erroneous order the excess payment received to the extent allowed by the law governing mistake  and restitution.  (2)  A receiving bank that executes the payment order of the sender by issuing a payment order in  an  amount  less  than  the  amount  of  the sender's  order  is  entitled  to  payment of the amount of the sender's order under subsection (3) of Section 4-A-402 if (i) that subsection  is otherwise satisfied and (ii) the bank corrects its mistake by issuing an additional  payment  order  for  the  benefit  of the beneficiary of the sender's order. If the  error  is  not  corrected,  the  issuer  of  the erroneous order is entitled to receive or retain payment from the sender of  the  order  it  accepted  only  to  the  extent of the amount of the erroneous order. This subsection does not apply if  the  receiving  bank executes  the  sender's  payment  order by issuing a payment order in an amount less than the amount of the sender's order  for  the  purpose  of obtaining  payment  of its charges for services and expenses pursuant to instruction of the sender.  (3) If a receiving bank executes the payment order of  the  sender  by issuing  a payment order to a beneficiary different from the beneficiary of the sender's order and the funds transfer is completed on  the  basis of  that  error,  the  sender  of the payment order that was erroneously executed and all previous senders in the funds transfer are not  obliged to pay the payment orders they issued. The issuer of the erroneous order is  entitled  to  recover  from the beneficiary of the order the payment received to  the  extent  allowed  by  the  law  governing  mistake  and restitution.
NY UCC § 4-A-304 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 3 - Execution of Sender's Payment Order by Receiving Bank 4-A-304 - Duty of Sender to Report Erroneously Executed Payment Order.

Section 4-A-304. Duty  of  Sender to Report Erroneously Executed PaymentOrder.If the sender of a payment  order  that  is  erroneously  executed  as   stated  in Section 4-A-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  (4)  of  Section   4-A-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.
NY UCC § 4-A-305 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 3 - Execution of Sender's Payment Order by Receiving Bank 4-A-305 - Liability for Late or Improper Execution or Failure to Execute Payment Order.

Section 4-A-305. Liability  for Late or Improper Execution or Failure to                    Execute Payment Order.  (1) If a funds transfer is completed but execution of a payment  order by  the  receiving bank in breach of Section 4-A-302 results in delay in payment to the beneficiary, the bank  is  obliged  to  pay  interest  to either  the  originator or the beneficiary of the funds transfer for the period of delay caused by the improper execution. Except as provided  in subsection (3), additional damages are not recoverable.  (2)  If  execution of a payment order by a receiving bank in breach of Section 4-A-302 results in (i) noncompletion of the funds transfer, (ii) failure to use an intermediary bank designated  by  the  originator,  or (iii) issuance of a payment order that does not comply with the terms of the  payment  order  of  the  originator,  the  bank  is  liable  to the originator for its expenses in the funds  transfer  and  for  incidental expenses  and  interest  losses, to the extent not covered by subsection (1), resulting from  the  improper  execution.  Except  as  provided  in subsection (3), additional damages are not recoverable.  (3)  In addition to the amounts payable under subsections (1) and (2), damages, including consequential damages, are recoverable to the  extent provided in an express written agreement of the receiving bank.  (4)  If  a  receiving  bank  fails  to  execute a payment order it was obliged by express agreement to execute, the receiving bank is liable to the sender for its  expenses  in  the  transaction  and  for  incidental expenses  and  interest  losses  resulting  from the failure to execute. Additional damages, including consequential damages, are recoverable  to the  extent  provided  in  an express written agreement of the receiving bank, but are not otherwise recoverable.  (5)  Reasonable  attorney's  fees  are  recoverable  if   demand   for compensation  under  subsection (1) or (2) is made and refused before an action is brought on the claim. If a claim is  made  for  breach  of  an agreement  under  subsection  (4) and the agreement does not provide for damages, reasonable  attorney's  fees  are  recoverable  if  demand  for compensation  under  subsection (4) is made and refused before an action is brought on the claim.  (6) Except as stated in this section, the  liability  of  a  receiving bank under subsections (1) and (2) may not be varied by agreement.
NY UCC § 4-A-401 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 4 - Payment 4-A-401 - Payment Date.

Section 4-A-401. Payment Date."Payment date" of a payment order means the day on which the amount of   the  order  is payable to the beneficiary by the beneficiary's bank. The   payment date may be determined by instruction of the sender  but  cannot   be  earlier than the day the order is received by the beneficiary's bank   and, unless otherwise determined, is the day the order  is  received  by   the beneficiary's bank.