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Section 74.1020 - Applicability. - (2) The liability of a bank for action or nonaction...
Section 74.1030 - Variation by agreement; measure of damages; action constituting ordinary care. - (2) Federal reserve regulations and operating circulars, clearing house rules,...
Section 74.1040 - Definitions and index of definitions. - (a) "Account" means any deposit or credit account with a...
Section 74.1050 - "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank." - (1) "Bank" means a financial institution, as defined in ORS...
Section 74.1060 - Payable through or payable at bank; collecting bank. - (a) The item designates the bank as a collecting bank...
Section 74.1080 - Time of receipt of items. - (2) An item or deposit of money received on any...
Section 74.1090 - Waiver of time limits; when delay excused. - (2) Delay by a collecting bank or payor bank beyond...
Section 74.1120 - Electronic presentment. - (2) Presentment of an item pursuant to an agreement for...
Section 74.2010 - Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed "pay any bank." - (2) After an item has been indorsed with the words...
Section 74.2020 - Responsibility for collection; when action timely. - (a) Presenting an item or sending it for presentment; (b)...
Section 74.2040 - Methods of sending and presenting; presentment. - (2) A collecting bank may send: (a) An item directly...
Section 74.2050 - Depositary bank as holder of unindorsed item. - (1) The depositary bank becomes a holder of the item...
Section 74.2070 - Warranties of customer and collecting bank on transfer of item; dishonor of item; remedies; when claim accrues. - (a) The warrantor is a person entitled to enforce the...
Section 74.2080 - Presentment warranties; remedies; defenses; payment of dishonored draft; warranty disclaimer not applicable to checks; when warranty claim accrues. - (a) The warrantor is, or was, at the time the...
Section 74.2090 - Encoding and retention warranties; remedies. - (2) A person who undertakes to retain an item pursuant...
Section 74.2100 - Security interest of collecting bank in items; priority. - (a) In case of an item deposited in an account,...
Section 74.2120 - Presentment by notice of item not payable by, through or at bank; liability of drawer or indorser. - (2) If presentment is made by notice, and payment, acceptance...
Section 74.2130 - Medium and time of settlement by bank. - (a) The medium of settlement is cash or credit to...
Section 74.2140 - Right of charge-back or refund; liability of collecting bank; return of item. - (2) A collecting bank returns an item when it is...
Section 74.2150 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal. - (a) Paid the item in cash; (b) Settled for the...
Section 74.2160 - Insolvency and preference. - (2) If a payor bank finally pays an item and...
Section 74.3010 - Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank. - (a) Returns the item; or (b) Sends written notice of...
Section 74.3020 - Payor bank’s responsibility for late return of item; defenses to liability of payor bank. - (a) A demand item, other than a documentary draft, whether...
Section 74.3030 - When items subject to notice, stop payment order, legal process or setoff; order in which items may be charged or certified; cutoff hour for checks. - (a) The bank accepts or certifies the item; (b) The...
Section 74.4010 - When bank may charge customer’s account. - (2) A customer is not liable for the amount of...
Section 74.4020 - Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account. - (2) A payor bank is liable to its customer for...
Section 74.4030 - Customer’s right to stop payment; duration of stop payment order; burden of proof of loss. - (2) A stop payment order is effective for six months,...
Section 74.4050 - Death or incompetence of customer. - (2) Even with knowledge, a bank may for 10 days...
Section 74.4060 - Statements to customer; requirements; retaining copies of items; duty of customer to determine unauthorized payment; allocation of loss. - (2) If the items are not returned to the customer,...
Section 74.4070 - Payor bank’s right to subrogation on improper payment. - (1) Of any holder in due course on the item...
Section 74.5030 - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need. - (1) Must deliver the documents to the drawee on acceptance...
Section 74.5040 - Privilege of presenting bank to deal with goods; security interest for expenses. - (2) For its reasonable expenses incurred by action under subsection...