Vermont § 204 - § 4A—204.

§ 204. § 4A—204.

• Refund of payment and duty of customer to report with respect to unauthorized payment
  order (a) If a receiving bank accepts a payment order issued in the name of its customer as
  sender which is (i) not authorized and not effective as the order of the customer
  under section 4A—202 of this title, or (ii) not enforceable, in whole or in part, against the customer under section 4A—203 of this title, the bank shall refund any payment of the payment order received from the customer
  to the extent the bank is not entitled to enforce payment and shall pay interest on
  the refundable amount calculated from the date the bank received payment to the date
  of the refund. However, the customer is not entitled to interest from the bank on
  the amount to be refunded if the customer fails to exercise ordinary care to determine
  that the order was not authorized by the customer and to notify the bank of the relevant
  facts within a reasonable time not exceeding 90 days after the date the customer received
  notification from the bank that the order was accepted or that the customer’s account
  was debited with respect to the order. The bank is not entitled to any recovery from
  the customer on account of a failure by the customer to give notification as stated
  in this section. (b) Reasonable time under subsection (a) of this section may be fixed by agreement as
  stated in subsection 1—302(b) of this title, but the obligation of a receiving bank to refund payment as stated in subsection
  (a) of this section may not otherwise be varied by agreement. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995; amended 2007, No. 99 (Adj. Sess.), § 15.)