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Duty of sender to report erroneously executed payment order - 13 Pa. Cons. Stat. § 4A304

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     § 4A304.  Duty of sender to report erroneously executed payment
                order.
        If the sender of a payment order that is erroneously executed
     as stated in section 4A303 (relating to erroneous execution of
     payment order) receives notification from the receiving bank
     that the order was executed or that the sender's account was
     debited with respect to the order, the sender has a duty to
     exercise ordinary care to determine, on the basis of information
     available to the sender, that the order was erroneously executed
     and to notify the bank of the relevant facts within a reasonable
     time, not exceeding 90 days, after the notification from the
     bank was received by the sender. If the sender fails to perform
     that duty, the bank is not obliged to pay interest on any amount
     refundable to the sender under section 4A402(d) (relating to
     obligation of sender to pay receiving bank) for the period
     before the bank learns of the execution error. The bank is not
     entitled to any recovery from the sender on account of a failure
     by the sender to perform the duty stated in this section.

        Cross References.  Section 4A304 is referred to in section
     4A402 of this title.

Last modified: November 27, 2007