The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 4-209)
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§ 4—209. Encoding and retention warranties
(a) A person who encodes information on or with respect to an item after issue warrants
to any subsequent collecting bank and to the payor bank or other payor that the information
is correctly encoded. If the customer of a depositary bank encodes, that bank also
makes the warranty.
(b) A person who undertakes to retain an item pursuant to an agreement for electronic
presentment warrants to any subsequent collecting bank and to the payor bank or other
payor that retention and presentment of the item comply with the agreement. If a customer
of a depositary bank undertakes to retain an item, that bank also makes this warranty.
(c) A person to whom warranties are made under this section and who took the item in good
faith may recover from the warrantor as damages for breach of warranty an amount equal
to the loss suffered as a result of the breach, plus expenses and loss of interest
incurred as a result of the breach. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)