reglab/housing_qa huggingface dataset:
NY UCC § 4-202 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-202 - Responsibility for Collection; When Action Seasonable.

Section 4--202. Responsibility for Collection; When Action Seasonable.  (1) A collecting bank must use ordinary care in       (a) presenting an item or sending it for presentment; and       (b) sending  notice  of  dishonor  or non-payment or returning an            item other than a documentary draft to the bank's  transferor            or  directly  to  the depositary bank under subsection (2) of            Section 4--212 after learning that the item has not been paid            or accepted, as the case may be; and       (c) settling for an item when the bank receives final settlement;            and       (d) making or providing for any necessary protest; and       (e) notifying its transferor of any  loss  or  delay  in  transit            within a reasonable time after discovery thereof.  (2)  A  collecting  bank  taking  proper  action  before  its midnight deadline  following  receipt  of  an  item,  notice  or   payment   acts seasonably;  taking proper action within a reasonably longer time may be seasonable but the bank has the burden of so establishing.  (3) Subject to subsection (1) (a),  a  bank  is  not  liable  for  the insolvency,  neglect,  misconduct, mistake or default of another bank or person or for loss or destruction of  an  item  in  transit  or  in  the possession of others.
NY UCC § 4-203 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-203 - Effect of Instructions.

Section 4--203. Effect of Instructions.Subject  to  the  provisions  of  Article  3  concerning conversion of   instruments (Section 3--419) and the provisions of both  Article  3  and   this  Article  concerning  restrictive  indorsements  only  a collecting   bank's transferor  can  give  instructions  which  affect  the  bank  or   constitute  notice  to  it  and a collecting bank is not liable to prior   parties for any  action  taken  pursuant  to  such  instructions  or  in   accordance with any agreement with its transferor.
NY UCC § 4-204 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-204 - Methods of Sending and Presenting; Sending Direct to Payor Bank.

Section 4--204. Methods  of  Sending  and  Presenting; Sending Direct to                   Payor Bank.  (1) A collecting bank must send  items  by  reasonably  prompt  method taking  into  consideration any relevant instructions, the nature of the item, the number of such items on  hand,  and  the  cost  of  collection involved  and  the method generally used by it or others to present such items.  (2) A collecting bank may send       (a) any item direct to the payor bank;       (b) any  item  to  any  non-bank  payor  if  authorized  by   its            transferor; and       (c) any item other than documentary drafts to any non-bank payor,            if  authorized  by  Federal  Reserve  regulation or operating            letter, clearing house rule or the like.  (3) Presentment may be made by a presenting bank at a place where  the payor bank has requested that presentment be made.
NY UCC § 4-205 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-205 - Supplying Missing Indorsement; No Notice From Prior Indorsement.

Section 4--205. Supplying  Missing  Indorsement;  No  Notice  From Prior                   Indorsement.  (1) A depositary bank which has  taken  an  item  for  collection  may supply  any  indorsement  of  the  customer  which is necessary to title unless the item contains the words "payee's indorsement required" or the like. In the absence of such a requirement a  statement  placed  on  the item by the depositary bank to the effect that the item was deposited by a  customer  or  credited  to his account is effective as the customer's indorsement.  (2) An intermediary bank, or payor bank  which  is  not  a  depositary bank,  is  neither  given notice nor otherwise affected by a restrictive indorsement of any person except the bank's immediate transferor.
NY UCC § 4-206 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-206 - Transfer Between Banks.

Section 4--206. Transfer Between Banks.Any  agreed  method which identifies the transferor bank is sufficient   for the item's further transfer to another bank.
NY UCC § 4-208 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-208 - Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds.

Section 4--208. Security   Interest   of   Collecting   Bank  in  Items,                   Accompanying Documents and Proceeds.  (1) A bank has a security interest in an  item  and  any  accompanying documents or the proceeds of either       (a) in  case  of an item deposited in an account to the extent to            which credit  given  for  the  item  has  been  withdrawn  or            applied;       (b) in  case  of  an item for which it has given credit available            for withdrawal as of right, to the extent of the credit given            whether or not the credit is drawn upon and  whether  or  not            there is a right of charge-back; or       (c) if it makes an advance on or against the item.  (2) When credit which has been given for several items received at one time  or  pursuant to a single agreement is withdrawn or applied in part the security interest remains  upon  all  the  items,  any  accompanying documents  or  the  proceeds of either. For the purpose of this section, credits first given are first withdrawn.  (3) Receipt by a collecting bank of a final settlement for an item  is a  realization  on  its  security  interest  in  the  item, accompanying documents and proceeds. To the extent and so long as the bank  does  not receive  final settlement for the item or give up possession of the item or accompanying  documents  for  purposes  other  than  collection,  the security  interest continues and is subject to the provisions of Article 9 except that       (a) no security agreement  is  necessary  to  make  the  security            interest enforceable ( Section 9--203 (b)(3)(A)); and       (b) no filing is required to perfect the security interest; and       (c) the security interest has priority over conflicting perfected            security  interests  in  the  item, accompanying documents or            proceeds.
NY UCC § 4-209 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-209 - When Bank Gives Value for Purposes of Holder in Due Course.

Section 4--209. When  Bank  Gives  Value  for  Purposes of Holder in DueCourse.For purposes of determining its status as a holder in due course,  the   bank has given value to the extent that it has a security interest in an   item  provided that the bank otherwise complies with the requirements of   Section 3--302 on what constitutes a holder in due course.
NY UCC § 4-210 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-210 - Presentment by Notice of Item Not Payable By, Through or at a Bank; Liability of Secondary Parties.

Section 4--210. Presentment by Notice of Item Not Payable by, Through or                   at a Bank; Liability of Secondary Parties.  (1) Unless otherwise instructed, a collecting bank may present an item not  payable  by, through or at a bank by sending to the party to accept or pay a written notice that the bank holds the item for  acceptance  or payment. The notice must be sent in time to be received on or before the day  when  presentment  is due and the bank must meet any requirement of the party to accept or pay under Section 3--505  by  the  close  of  the bank's next banking day after it knows of the requirement.  (2)  Where presentment is made by notice and neither honor nor request for compliance with a requirement under Section 3--505  is  received  by the close of business on the day after maturity or in the case of demand items by the close of business on the third banking day after notice was sent,  the  presenting  bank may treat the item as dishonored and charge any secondary party by sending him notice of the facts.
NY UCC § 4-211 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-211 - Media of Remittance; Provisional and Final Settlement in Remittance Cases.

Section 4--211. Media of Remittance; Provisional and Final Settlement in                   Remittance Cases.  (1) A collecting bank may take in settlement of an item       (a) a  check of the remitting bank or of another bank on any bank            except the remitting bank; or       (b) a  cashier's  check  or  similar  primary  obligation  of   a            remitting  bank  which  is  a  member  of or clears through a            member of the same clearing house or group as the  collecting            bank; or       (c) appropriate  authority  to charge an account of the remitting            bank or of another bank with the collecting bank; or       (d) if the item is drawn upon or payable by a person other than a            bank, a cashier's check, certified check or other bank  check            or obligation.  (2)  If  before  its  midnight  deadline  the collecting bank properly dishonors a remittance check or authorization to  charge  on  itself  or presents  or  forwards  for  collection a remittance instrument of or on another bank which is of a kind approved by subsection (1)  or  has  not been  authorized  by  it,  the  collecting  bank  is not liable to prior parties in the event of  the  dishonor  of  such  check,  instrument  or authorization.  (3)  A  settlement  for an item by means of a remittance instrument or authorization to charge is or becomes a final settlement as to both  the person making and the person receiving the settlement       (a) if the remittance instrument or authorization to charge is of            a  kind approved by subsection (1) or has not been authorized            by the person receiving the settlement and in either case the            person receiving the settlement acts  seasonably  before  its            midnight deadline in presenting, forwarding for collection or            paying  the  instrument  or  authorization,--at  the time the            remittance instrument or authorization is finally paid by the            payor by which it is payable;       (b) if  the  person  receiving  the  settlement  has   authorized            remittance  by  a  non-bank  check  or  obligation  or  by  a            cashier's check or similar primary obligation of or  a  check            upon the payor or other remitting bank which is not of a kind            approved  by  subsection (1) (b),--at the time of the receipt            of such remittance check or obligation; or       (c) if in a case not covered by sub-paragraphs  (a)  or  (b)  the            person  receiving the settlement fails to seasonably present,            forward for collection, pay or return a remittance instrument            or  authorization  to  it  to  charge  before  its   midnight            deadline,--at such midnight deadline.
NY UCC § 4-212 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-212 - Right of Charge-Back or Refund.

Section 4--212. Right of Charge-Back or Refund.  (1)  If  a  collecting  bank  has made provisional settlement with its customer for an item and itself fails by reason of dishonor,  suspension of  payments by a bank or otherwise to receive a settlement for the item which is or becomes final, the bank may revoke the settlement  given  by it,  charge  back  the  amount  of  any credit given for the item to its customer's account or obtain refund from its customer whether or not  it is  able  to  return  the  items if by its midnight deadline or within a longer reasonable time after it learns the facts it returns the item  or sends notification of the facts. These rights to revoke, charge-back and obtain  refund  terminate if and when a settlement for the item received by the bank is or becomes final (subsection (3) of  Section  4--211  and subsections (2) and (3) of Section 4--213).  (2)  Within the time and manner prescribed by this section and Section 4--301, an intermediary or payor bank, as the case may be, may return an unpaid item directly to the depositary bank and may send for  collection a  draft  on the depositary bank and obtain reimbursement. In such case, if the depositary bank has received provisional settlement for the item, it must reimburse the bank drawing the draft and any provisional credits for the item between banks shall become and remain final.  (3) A depositary bank which is also  the  payor  may  charge-back  the amount  of  an  item  to  its  customer's  account  or  obtain refund in accordance with the section governing return of an item  received  by  a payor bank for credit on its books (Section 4--301).  (4) The right to charge-back is not affected by       (a) prior use of the credit given for the item; or       (b) failure by any bank to exercise ordinary care with respect to            the item but any bank so failing remains liable.  (5)  A  failure  to  charge-back or claim refund does not affect other rights of the bank against the customer or any other party.  (6) If credit is given in dollars as the equivalent of the value of an item payable in a foreign currency the dollar amount of any  charge-back or  refund shall be calculated on the basis of the buying sight rate for the foreign currency prevailing on the day when the person  entitled  to the  charge-back  or  refund  learns that it will not receive payment in ordinary course.
NY UCC § 4-213 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-213 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal.

Section 4--213. Final  Payment  of  Item by Payor Bank; When Provisional                   Debits and Credits Become Final; When Certain  Credits                   Become Available for Withdrawal.  (1) An item is finally paid by a payor bank when the bank has done any of the following, whichever happens first:       (a) paid the item in cash; or       (b) settled  for the item without reserving a right to revoke the            settlement and  without  having  such  right  under  statute,            clearing house rule or agreement; or       (c) completed  the  process  of posting the item to the indicated            account of the drawer, maker or other person  to  be  charged            therewith; or       (d) made  a  provisional  settlement  for  the item and failed to            revoke the settlement in the time  and  manner  permitted  by            statute, clearing house rule or agreement. Upon  a final payment under subparagraphs (b), (c) or (d) the payor bank shall be accountable for the amount of the item.  (2) If provisional settlement for an item between the  presenting  and payor  banks is made through a clearing house or by debits or credits in an account between them, then to the extent that provisional  debits  or credits  for the item are entered in accounts between the presenting and payor banks or between the presenting and  successive  prior  collecting banks  seriatim, they become final upon final payment of the item by the payor bank.  (3) If a collecting bank receives a settlement for an item which is or becomes final (subsection (3)  of  Section  4--211,  subsection  (2)  of Section  4--213)  the bank is accountable to its customer for the amount of the item and any provisional credit given for the item in an  account with its customer becomes final.  (4)  Subject  to  any  right  of  the  bank  to apply the credit to an obligation of the customer, credit given by a bank for  an  item  in  an account with its customer becomes available for withdrawal as of right       (a) in  any  case  where  the  bank  has  received  a provisional            settlement for the item,--when such settlement becomes  final            and  the  bank  has  had  a reasonable time to learn that the            settlement is final;       (b) in any case where the bank is both a depositary  bank  and  a            payor  bank  and the item is finally paid,--at the opening of            the bank's second banking day following receipt of the item.  (5) A deposit of money in a bank is final when made  but,  subject  to any  right  of  the  bank  to  apply the deposit to an obligation of the customer, the deposit becomes available for withdrawal as  of  right  at the  opening  of  the  bank's  next banking day following receipt of the deposit.
NY UCC § 4-214 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-214 - Insolvency and Preference.

Section 4--214. Insolvency and Preference.  (1) Any item in or coming into the possession of a payor or collecting bank  which suspends payment and which item is not finally paid shall be returned by the receiver, trustee or agent in charge of the closed  bank to the presenting bank or the closed bank's customer.  (2) If a payor bank finally pays an item and suspends payments without making  a  settlement  for  the item with its customer or the presenting bank which settlement is or becomes final, the owner of the item  has  a preferred claim against the payor bank.  (3)  If  a  payor  bank gives or a collecting bank gives or receives a provisional settlement for an item and thereafter suspends payments, the suspension does not prevent or interfere with  the  settlement  becoming final  if  such  finality occurs automatically upon the lapse of certain time or the happening of  certain  events  (subsection  (3)  of  Section 4--211, subsections (1) (d), (2) and (3) of Section 4--213).  (4)  If  a collecting bank receives from subsequent parties settlement for an item which settlement is or becomes final and  suspends  payments without  making  a settlement for the item with its customer which is or becomes final, the owner of the item has a preferred claim against  such collecting bank.
NY UCC § 4-301 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 3 - Collection of Items: Payor Banks 4-301 - Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor.

Section 4--301. Deferred  Posting;  Recovery  of  Payment  by  Return of                   Items; Time of Dishonor.  (1) Where an authorized settlement for a demand  item  (other  than  a documentary draft) received by a payor bank otherwise than for immediate payment  over  the  counter has been made before midnight of the banking day of receipt the payor bank may revoke the settlement and recover  any payment  if  before it has made final payment (subsection (1) of Section 4--213) and before its midnight deadline it       (a) returns the item; or       (b) sends written notice of dishonor or nonpayment if the item is            held for protest or is otherwise unavailable for return.  (2) If a demand item is received by a payor bank  for  credit  on  its books  it may return such item or send notice of dishonor and may revoke any credit  given  or  recover  the  amount  thereof  withdrawn  by  its customer,  if  it acts within the time limit and in the manner specified in the preceding subsection.  (3) Unless previous notice of  dishonor  has  been  sent  an  item  is dishonored  at  the time when for purposes of dishonor it is returned or notice sent in accordance with this section.  (4) An item is returned:       (a) as to an item received through a clearing house, when  it  is            delivered to the presenting or last collecting bank or to the            clearing house or is sent or delivered in accordance with its            rules; or       (b) in  all  other  cases,  when  it  is sent or delivered to the            bank's  customer   or   transferor   or   pursuant   to   his            instructions.
NY UCC § 4-302 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 3 - Collection of Items: Payor Banks 4-302 - Payor Bank's Responsibility for Late Return of Item.

Section 4--302. Payor Bank's Responsibility for Late Return of Item.In  the  absence  of  a  valid defense such as breach of a presentment   warranty (subsection (1) of Section 4--207), settlement effected or  the   like,  if  an item is presented on and received by a payor bank the bank   is accountable for the amount of(a) a demand item other than a documentary draft whether properlypayable or not if the bank, in any case where it is not  alsothe  depositary bank, retains the item beyond midnight of thebanking day of receipt without settling for it or, regardlessof whether it is also the depositary bank, does  not  pay  orreturn  the  item  or send notice of dishonor until after itsmidnight deadline; or(b) any other  properly  payable  item  unless  within  the  timeallowed  for  acceptance  or  payment  of  that item the bankeither  accepts  or  pays  the  item  or   returns   it   andaccompanying documents.
NY UCC § 4-303 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 3 - Collection of Items: Payor Banks 4-303 - When Items Subject to Notice, Stop-Order, Legal Process or Setoff; Order in Which Items May Be Charged or Certified.

Section 4--303. When  Items Subject to Notice, Stop-Order, Legal Process                   or Setoff; Order in Which  Items  May  Be  Charged  or                   Certified.  (1)  Any  knowledge,  notice  or stop-order received by, legal process served upon or  setoff  exercised  by  a  payor  bank,  whether  or  not effective  under  other rules of law to terminate, suspend or modify the bank's right or duty to pay an item or to charge its customer's  account for  the  item,  comes  too late to so terminate, suspend or modify such right or duty if the knowledge, notice, stop-order or legal  process  is received  or  served  and  a reasonable time for the bank to act thereon expires or the setoff is exercised after the bank has done  any  of  the following:       (a) accepted or certified the item;       (b) paid the item in cash;       (c) settled  for the item without reserving a right to revoke the            settlement and  without  having  such  right  under  statute,            clearing house rule or agreement;       (d) completed  the  process  of posting the item to the indicated            account of the drawer, maker or other person  to  be  charged            therewith  or  otherwise has evidenced by examination of such            indicated account and by action its decision to pay the item;            or       (e) become  accountable  for  the  amount  of  the   item   under            subsection  (1)  (d)  of  Section  4--213  and Section 4--302            dealing with the payor bank's responsibility for late  return            of items.  (2) Subject to the provisions of subsection (1) items may be accepted, paid,  certified  or charged to the indicated account of its customer in any order convenient to the bank.