reglab/housing_qa huggingface dataset:
810 ILCS 5/4-301
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-301)Sec. 4-301.         Deferred posting; Recovery of payment by return of items;  time of dishonor; return of items by payor bank.(a) If a payor bank settles for a demand item other than a documentary draft  presented otherwise than for immediate payment over the counter before midnight  of the banking day of receipt, the payor bank may revoke the settlement and  recover the settlement if, before it has made final payment and before its  midnight deadline, it:(1) returns the item; or(2) sends written notice of dishonor or nonpayment if     the item is unavailable for return.(b) If a demand item is received by a payor bank for credit on its books, it  may return the item or send notice of dishonor and may revoke any credit given  or recover the amount thereof withdrawn by its customer, if it acts within the  time limit and in the manner specified in subsection (a).(c) Unless previous notice of dishonor has been sent, an item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.(d) An item is returned:(1) as to an item presented 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 clearing-house rules; or(2) in all other cases, when it is sent or delivered     to the bank's customer or transferor or pursuant to instructions.   (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/4-302
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-302)Sec. 4-302.     Payor bank's responsibility for late return of item.(a) If an item is presented to and received by a payor  bank, the bank is accountable for the amount of:(1) a demand item, other than a documentary draft,     whether properly payable or not, if the bank, in any case in which it is not also the depositary bank, retains the item beyond midnight of the banking day of receipt without settling for it or, whether or not it is also the depositary bank, does not pay or return the item or send notice of dishonor until after its midnight deadline; or(2) any other properly payable item unless, within     the time allowed for acceptance or payment of that item, the bank either accepts or pays the item or returns it and accompanying documents.(b) The liability of a payor bank to pay an item pursuant to  subsection (a) is  subject to defenses based on breach of a presentment  warranty (Section 4-208) or proof that the person seeking enforcement of  the liability presented or transferred the item for the purpose of  defrauding the payor bank.    (Source: P.A. 87-582; 87-1135; 87-1242; 88-123.)
810 ILCS 5/4-303
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-303)Sec. 4-303.         When items subject to notice, stop-payment order, legal process,  or setoff; order in which items may be charged or certified.(a) Any knowledge, notice, or stop-payment order received by, legal process  served upon, or setoff exercised by a payor bank comes too late 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 if the knowledge, notice, stop-payment 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 earliest of the  following:(1) the bank accepts or certifies the item;(2) the bank pays the item in cash;(3) the bank settles for the item without having a     right to revoke the settlement under statute, clearing-house rule, or agreement;(4) the bank becomes accountable for the amount of     the item under Section 4-302 dealing with the payor bank's responsibility for late return of items; or(5) with respect to checks, a cutoff hour no earlier     than one hour after the opening of the next banking day after the banking day on which the bank received the check and no later than the close of that next banking day or, if no cutoff hour is fixed, the close of the next banking day after the banking day on which the bank received the check.(b) Subject to subsection (a), items may be accepted, paid, certified, or  charged to the indicated account of its customer in any order.    (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/Art. 4 Pt. 4 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 PART 4.      RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER
810 ILCS 5/4-401
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-401)Sec. 4-401.     When bank may charge customer's account.(a) A bank may charge against the account of a customer an item that is  properly payable from that account even though the charge creates an  overdraft. An item is properly payable if it is authorized by the customer  and is in accordance with any agreement between the customer and bank.(b) A customer is not liable for the amount of an overdraft if the  customer neither signed the item nor benefited from the proceeds of the item.(c) A bank may charge against the account of a customer a check that is  otherwise properly payable from the account, even though payment was made  before the date of the check, unless the customer has given notice to the  bank of the postdating describing the check with reasonable certainty.  The  notice is effective for the period stated in Section 4-403(b) for stop-payment  orders, and must be received at such time and in such manner as to afford the  bank a reasonable opportunity to act on it before any action by the bank with  respect to the check described in Section 4-303.  If a bank charges against the  account of a customer a check before the date stated in the notice of  postdating, the bank is liable for damages for the loss resulting from its act.  The loss may include damages for dishonor of subsequent items under Section  4-402.(d) A bank that in good faith makes payment to a holder may charge the  indicated account of its customer according to:(1) the original terms of the altered item; or(2) the terms of the completed item, even though the     bank knows the item has been completed unless the bank has notice that the completion was improper.   (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/4-402
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-402)Sec. 4-402.         Bank's liability to customer for wrongful dishonor; time  of determining insufficiency of account.(a) Except as otherwise provided in this Article, a payor bank  wrongfully dishonors an item if it dishonors an item that is properly  payable, but a bank may dishonor an item that would create an overdraft  unless it had agreed to pay the overdraft.(b) A payor bank is liable to its customer for damages proximately caused by  the wrongful dishonor of an item. Liability is limited to actual damages  proved and 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.(c) A payor bank's determination of the customer's account balance on  which a decision to dishonor for insufficiency of available funds is based  may be made at any time between the time the item is received by the payor  bank and the time that the payor bank returns the item or gives notice in  lieu of return, and no more than one determination need be made.  If,  at the election of the payor bank, a subsequent balance determination is  made for the purpose of reevaluating the bank's decision to dishonor the  item, the account balance at that time is determinative of whether a  dishonor for insufficiency of available funds is wrongful.    (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/4-403
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-403)Sec. 4-403.     Customer's right to stop payment; burden of proof of loss.(a) A customer or any person authorized to draw on the account if there is  more than one person may stop payment of any item drawn on the customer's  account or close the account by an order to the bank describing the item or  account with reasonable certainty received at a time and in a manner that  affords the bank a reasonable opportunity to act on it before any action by the  bank with respect to the item described in Section 4-303. If the signature of  more than one person is required to draw on an account, any of these persons  may stop payment or close the account.(b) A stop-payment order is effective for 6 months, but it lapses after 14  calendar days if the original order was oral and was not confirmed in writing  within that period.  A stop-payment order may be renewed for additional  six-month periods by a writing given to the bank within a period during which  the stop-payment order is effective.(c) The burden of establishing the fact and amount of loss resulting  from the payment of an item contrary to a stop payment order or order to close  an account is on the customer. The loss from payment of an item contrary to a  stop payment order may include damages for dishonor of subsequent items  pursuant to Section 4-402.(d) 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 of account 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 or, in lieu of returning such  items, sends its customer a statement of account which includes the  identifying number of each item paid in good faith or otherwise  specifically identifying such items or holds such statement pursuant to a  request or instructions of its customer or otherwise in a reasonable manner  makes such statement available to the customer, the customer must exercise  reasonable care and promptness to examine the items and statement to  discover any items improperly paid by the bank over the customer's properly  lodged stop payment order and must notify the bank promptly after discovery  thereof.  Failure of the customer to notify the bank within one year of  either receipt of the item improperly paid by the bank over a properly  lodged stop payment order or, in lieu of  receipt of the improperly paid  item, receipt of a statement containing the debit entry for said item and  specifically identifying said item shall preclude the customer from  asserting against the bank the improper payment.    (Source: P.A. 86-583; 87-582; 87-1135.)
810 ILCS 5/4-404
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-404)Sec. 4-404.         Bank  not obligated to pay check more than six months old.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 6  months after its date, but it may charge its customer's account for a  payment made thereafter in good faith.    (Source: Laws 1961, p. 2101.)
810 ILCS 5/4-405
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-405)Sec. 4-405.     Death or incompetence of customer.(a) 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 the 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.(b) Even with knowledge, a bank may for 10 days after the date of death  pay or certify checks drawn on or before that date unless ordered to stop  payment by a person claiming an interest in the account.    (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/4-407
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-407)Sec. 4-407.     Payor bank's right to subrogation on improper payment.     If a payor bank has paid an item over the order of the drawer or maker to stop  payment, or after an account has been closed, 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 is subrogated to the rights:(1) of any holder in due course on the item against the drawer or  maker;(2) of the payee or any other holder of the item against the drawer  or maker either on the item or under the transaction out of which the  item arose; and(3) of the drawer or maker against the payee or any other holder of  the item with respect to the transaction out of which the item arose.    (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/Art. 4 Pt. 5 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 PART 5.      COLLECTION OF DOCUMENTARY DRAFTS
810 ILCS 5/4-501
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-501)Sec. 4-501.         Handling of documentary drafts; duty to send for presentment and  to notify customer of dishonor.A bank that takes a documentary draft for collection shall 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, shall seasonably notify  its customer of the fact even though it may have discounted or bought the draft  or extended credit available for withdrawal as of right.    (Source: P.A. 87-1135.)
810 ILCS 5/4-502
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-502)Sec. 4-502.     Presentment of "on arrival" drafts.If 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 the refusal but need  not present the draft again until it is instructed to do so or learns of  the arrival of the goods.    (Source: P.A. 87-1135.)
810 ILCS 5/4-503
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

 (from Ch. 26, par. 4-503)Sec. 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:(1) must deliver the documents to the drawee on acceptance of the  draft if it is payable more than 3 days after presentment; otherwise, only  on payment; and(2) 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 the referee's 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.However, 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 those expenses.    (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/4-504
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4 - Bank Deposits And Collections

(810 ILCS 5/4-504) (from Ch. 26, par. 4-504)Sec. 4-504.         Privilege of Presenting Bank to Deal With Goods; Security  Interest for Expenses.(a) A presenting bank that, 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.(b) For its reasonable expenses incurred by action under subsection (a)  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.    (Source: P.A. 87-582; 87-1135.)
810 ILCS 5/Art. 4A heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4A - Funds Transfers

 ARTICLE 4A.  FUNDS TRANSFERS
810 ILCS 5/Art. 4A Pt. 1 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4A - Funds Transfers

 PART 1.      SUBJECT MATTER AND DEFINITIONS
810 ILCS 5/4A-101
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4A - Funds Transfers

 (from Ch. 26, par. 4A-101)Sec. 4A-101.     Short title.     This Article may be cited as Uniform  Commercial Code-Funds Transfers.    (Source: P.A. 86-1291.)
810 ILCS 5/4A-102
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4A - Funds Transfers

 (from Ch. 26, par. 4A-102)Sec. 4A-102.     Subject matter.     Except as otherwise provided in Section  4A-108, this Article applies to funds transfers defined in Section 4A-104.    (Source: P.A. 86-1291.)
810 ILCS 5/4A-103
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4A - Funds Transfers

 (from Ch. 26, par. 4A-103)Sec. 4A-103.     Payment order; definitions.(a) In this Article:(1) "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.(2) "Beneficiary" means the person to be paid by the     beneficiary's bank.(3) "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.(4) "Receiving bank" means the bank to which the     sender's instruction is addressed.(5) "Sender" means the person giving the instruction     to the receiving bank.(b) If an instruction complying with subsection (a)(1) is to make more  than one payment to a beneficiary, the instruction is a separate payment  order with respect to each payment.(c) A payment order is issued when it is sent to the receiving bank.    (Source: P.A. 86-1291.)
810 ILCS 5/4A-104
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 4A - Funds Transfers

 (from Ch. 26, par. 4A-104)Sec. 4A-104.     Funds transfer; definitions.     In this Article:(a) "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.(b) "Intermediary bank" means a receiving bank other than the  originator's bank or the beneficiary's bank.(c) "Originator" means the sender of the first payment order in a  funds transfer.(d) "Originator's bank" means (i) the receiving bank to which the  payment order of the originator is issued if the originator is not a bank,  or (ii) the originator if the originator is a bank.    (Source: P.A. 86-1291.)