{"data":{"id":"us-ky/krs-355.4a-203","jurisdiction":"us-ky","citation":"KRS 355.4A-203","heading":"Unenforceability of certain verified payment orders.","body":"(1) If an accepted payment order is not, under KRS 355.4A-202(1), an authorized order\nof a customer identified as sender, but is effective as an order of the customer\npursuant to KRS 355.4A-202(2), the following rules apply:\n(a) By express agreement, evidenced by a record, the receiving bank may limit\nthe extent to which it is entitled to enforce or retain payment of the payment\norder; and\n(b) The receiving bank is not entitled to enforce or retain payment of the payment\norder if the customer proves that the order was not caused, directly or\nindirectly, by a person:\n1. Entrusted at any time with duties to act for the customer with respect to\npayment orders or the security procedure; or\n2. Who obtained access to transmitting facilities of the customer or who\nobtained, from a source controlled by the customer and without\nauthority of the receiving bank, information facilitating breach of the\nsecurity procedure, regardless of how the inf ormation was obtained or\nwhether the customer was at fault. Information includes any access\ndevice, computer software, or the like.\n(2) This section applies to amendments of payment orders to the same extent it applies\nto payment orders.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55653","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"6d8bfe309bc53e49c4f7f72178e5f4489f2eabddc84ed3a2d7602d8f882960c4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4a-202","next":"us-ky/krs-355.4a-204"},"notice":"GroundRules: Original legal text. Not legal advice."}