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 (a), resulting from the improper execution. Except as provided in subsection (c), additional damages are not recoverable.
Noncompletion of the funds transfer;
Failure to use an intermediary bank designated by the originator; or
Issuance of a payment order that does not comply with the terms of the payment order of the originator,
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Part 3 - Execution of Sender's Payment Order by Receiving Bank
§ 47-4A-302. Obligations of Receiving Bank in Execution of Payment Order
§ 47-4A-303. Erroneous Execution of Payment Order
§ 47-4A-304. Duty of Sender to Report Erroneously Executed Payment Order
§ 47-4A-305. Liability for Late or Improper Execution or Failure to Execute Payment Order