Florida Statutes
Title XXXIX - Commercial Relations
Chapter 674 - Uniform Commercial Code: Bank Deposits and Collections

Part I - General Provisions and Definitions (Ss. 674.101-674.111)

674.101 - Short title. - History.—s. 1, ch. 65-254; s. 7, ch. 92-82. Note.—s. 4-101,...

674.102 - Applicability. - (1) To the extent that items within this chapter are...

674.103 - Variation by agreement; measure of damages; action constituting ordinary care. - (1) The effect of the provisions of this chapter may...

674.104 - Definitions and index of definitions. - (1) In this chapter, unless the context otherwise requires, the...

674.105 - “Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank.” - (1) “Bank” means a person engaged in the business of...

674.1061 - Payable through or payable at bank; collecting bank. - (1) If an item states that it is “payable through”...

674.1071 - Separate office of bank. - History.—s. 1, ch. 65-254; s. 1, ch. 77-384; s. 173,...

674.1081 - Time of receipt of items. - (1) For the purpose of allowing time to process items,...

674.1091 - Delays. - (1) Unless otherwise instructed, a collecting bank in a good...

674.1101 - Electronic presentment. - (1) The term “agreement for electronic presentment” means an agreement,...

674.111 - Statute of limitations. - History.—s. 18, ch. 92-82.

Part II - Collection of Items: Depositary and Collecting Banks (Ss. 674.201-674.216)

674.201 - Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed “pay any bank.” - (1) Unless a contrary intent clearly appears and before the...

674.202 - Responsibility for collection or return; when action timely. - (1) A collecting bank must exercise ordinary care in: (a)...

674.203 - Effect of instructions. - History.—s. 1, ch. 65-254; s. 21, ch. 92-82. Note.—s. 4-203,...

674.204 - Methods of sending and presenting; sending directly to payor bank. - (1) A collecting bank shall send items by a reasonably...

674.205 - Depositary bank holder of unindorsed item. - (1) The depositary bank becomes a holder of the item...

674.206 - Transfer between banks. - History.—s. 1, ch. 65-254; s. 24, ch. 92-82. Note.—s. 4-206,...

674.207 - Transfer warranties. - (1) A customer or collecting bank that transfers an item...

674.2081 - Presentment warranties. - (1) If an unaccepted draft is presented to the drawee...

674.2091 - Encoding and retention warranties. - (1) A person who encodes information on or with respect...

674.2101 - Security interest of collecting bank in items, accompanying documents, and proceeds. - (1) A collecting bank has a security interest in an...

674.2111 - When bank gives value for purposes of holder in due course. - History.—s. 1, ch. 65-254; s. 29, ch. 92-82. Note.—s. 4-209,...

674.2121 - Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser. - (1) Unless otherwise instructed, a collecting bank may present an...

674.2131 - Medium and time of settlement by bank. - (1) With respect to settlement by a bank, the medium...

674.2141 - Right of charge-back or refund; liability of collecting bank; return of item. - (1) If a collecting bank has made provisional settlement with...

674.215 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal. - (1) An item is finally paid by a payor bank...

674.216 - Insolvency and preference. - (1) If an item is in or comes into the...

Part III - Collection of Items: Payor Banks (Ss. 674.301-674.303)

674.301 - Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank. - (1) If a payor bank settles for a demand item...

674.302 - Payor bank’s responsibility for late return of item. - (1) If an item is presented to and received by...

674.303 - When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified. - (1) Any knowledge, notice, or stop-payment order received by, legal...

Part IV - Relationship Between Payor Bank and Its Customer (Ss. 674.401-674.407)

674.401 - When bank may charge customer’s account. - (1) A bank may charge against the account of a...

674.402 - Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account. - (1) Except as otherwise provided in this chapter, a payor...

674.403 - Customer’s right to stop payment; burden of proof of loss. - (1) A customer or any person authorized to draw on...

674.404 - Bank not obliged to pay check more than 6 months old. - History.—s. 1, ch. 65-254; s. 41, ch. 92-82. Note.—s. 4-404,...

674.405 - Death or incompetence of customer. - (1) A payor or collecting bank’s authority to accept, pay,...

674.406 - Customer’s duty to discover and report unauthorized signature or alteration. - (1) A bank that sends or makes available to a...

674.407 - Payor bank’s right to subrogation on improper payment. - (1) Of any holder in due course on the item...

Part V - Collection of Documentary Drafts (Ss. 674.501-674.504)

674.501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor. - History.—s. 1, ch. 65-254; s. 45, ch. 92-82. Note.—s. 4-501,...

674.502 - Presentment of “on arrival” drafts. - History.—s. 1, ch. 65-254; s. 46, ch. 92-82. Note.—s. 4-502,...

674.503 - 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...

674.504 - Privilege of presenting bank to deal with goods; security interest for expenses. - (1) A presenting bank that, following the dishonor of a...