4A203 - Unenforceability of certain verified payment orders.

     § 4A203.  Unenforceability of certain verified payment orders.        (a)  General rule.--If an accepted payment order is not,     under section 4A202(a) (relating to authorized and verified     payment orders), an authorized order of a customer identified as     sender, but is effective as an order of the customer pursuant to     section 4A202(b), the following rules apply:            (1)  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.            (2)  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.        (b)  Amendments of payment orders.--This section applies to     amendments of payment orders to the same extent it applies to     payment orders.        Cross References.  Section 4A203 is referred to in sections     4A202, 4A204 of this title.