RCW 62A.4A-505
Preclusion of objection to debit of customer's account.
If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer's objection to the payment within one year after the notification was received by the customer.
[1991 sp.s. c 21 § 4A-505.]
Structure Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.4A - Funds Transfers.
62A.4A-103 - Payment order—Definitions.
62A.4A-104 - Funds transfer—Definitions.
62A.4A-105 - Other definitions.
62A.4A-106 - Time payment order is received.
62A.4A-107 - Federal reserve regulations and operating circulars.
62A.4A-108 - Relationship to electronic fund transfer act.
62A.4A-201 - Security procedure.
62A.4A-202 - Authorized and verified payment orders.
62A.4A-203 - Unenforceability of certain verified payment orders.
62A.4A-205 - Erroneous payment orders.
62A.4A-206 - Transmission of payment order through funds-transfer or other communication system.
62A.4A-207 - Misdescription of beneficiary.
62A.4A-208 - Misdescription of intermediary bank or beneficiary's bank.
62A.4A-209 - Acceptance of payment order.
62A.4A-210 - Rejection of payment order.
62A.4A-211 - Cancellation and amendment of payment order.
62A.4A-212 - Liability and duty of receiving bank regarding unaccepted payment order.
62A.4A-301 - Execution and execution date.
62A.4A-302 - Obligations of receiving bank in execution of payment order.
62A.4A-303 - Erroneous execution of payment order.
62A.4A-304 - Duty of sender to report erroneously executed payment order.
62A.4A-305 - Liability for late or improper execution or failure to execute payment order.
62A.4A-402 - Obligation of sender to pay receiving bank.
62A.4A-403 - Payment by sender to receiving bank.
62A.4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary.
62A.4A-405 - Payment by beneficiary's bank to beneficiary.
62A.4A-406 - Payment by originator to beneficiary; discharge of underlying obligation.
62A.4A-501 - Variation by agreement and effect of funds-transfer system rule.
62A.4A-502 - Creditor process served on receiving bank; setoff by beneficiary's bank.
62A.4A-503 - Injunction or restraining order with respect to funds transfer.
62A.4A-505 - Preclusion of objection to debit of customer's account.