The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 674
UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS

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F.S. 674.202

674.202 Responsibility for collection or return; when action timely.—

(1) A collecting bank must exercise ordinary care in:

(a) Presenting an item or sending it for presentment;

(b) Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank’s transferor after learning that the item has not been paid or accepted, as the case may be;

(d) Notifying its transferor of any loss or delay in transit within a reasonable time after discovery thereof.

(2) A collecting bank exercises ordinary care under subsection (1) by taking proper action before its midnight deadline following receipt of an item, notice, or settlement. Taking proper action within a reasonably longer time may constitute the exercise of ordinary care, but the bank has the burden of establishing timeliness.

(3) Subject to subsection (1)(a), a bank is not liable for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit.

History.—s. 1, ch. 65-254; s. 20, ch. 92-82.

Note.—s. 4-202, U.C.C.; supersedes s. 674.74.

F.S. 674.202 on Google Scholar

F.S. 674.202 on Casetext

Amendments to 674.202

Arrestable Offenses / Crimes under Fla. Stat. 674.202

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.202.

Annotations, Discussions, Cases:

Cases from cite.case.law:

WRIGHT, v. CITY OF MIAMI GARDENS,, 200 So. 3d 765 (Fla. 2016)

. . . .”); see generally § 674.202, Fla. . . .

SCADIF, S. A. a v. FIRST UNION NATIONAL BANK, a, 208 F. Supp. 2d 1352 (S.D. Fla. 2002)

. . . obligations to transmitting banks and the payees of items, but that obligation is found in section 674.202 . . .

BUFMAN ORGANIZATION, a v. FEDERAL DEPOSIT INSURANCE CORPORATION, M, a, 82 F.3d 1020 (11th Cir. 1996)

. . . . § 674.202(1)(b) (1993) (requiring a collecting bank to use ordinary care in sending notice of dishonor . . . Bank M did not owe a duty to use ordinary care in sending notice of dishonor under § 674.202 because . . .

GREAT WESTERN BANK, a v. STEVE JAMES FORD, INC., 915 F. Supp. 392 (S.D. Ga. 1996)

. . . . § 674.202 provides that a collecting bank must exercise ordinary care in its day-to-day operations. . . . However, § 674.202(l)(b) specifically excludes sending notice of dishonor or nonpayment of a documentary . . .

NORSTAR BANK OF UPSTATE NY, v. SOUTHEAST BANK, N. A., 723 F. Supp. 187 (N.D.N.Y. 1989)

. . . . § 674.202. . . . . § 674.202(l)(b) defendant was obligated to “use ordinary care in ... sending notice of dishonor or . . . Under F.S.A. § 674.202(3) defendant is not liable for the neglect, mistake, misconduct or default of . . . See F.S.A. § 674.202 comment 4. . . . F.S.A. § 674.202(l)(b). . . .

GATHERCREST LTD. a a v. FIRST AMERICAN BANK AND TRUST, a, 649 F. Supp. 106 (M.D. Fla. 1985)

. . . documentary draft, MSB’s conduct should be measured by the requirements for a collecting bank under § 674.202 . . . See Fla.Stat. § 674.202(2). . . .

PANDOL BROTHERS, INC. a v. NCNB NATIONAL BANK OF FLORIDA f k a N. A., 450 So. 2d 592 (Fla. Dist. Ct. App. 1984)

. . . . § 674.202(2), Fla.Stat. (1981). . . .

ROYAL TRUST BANK OF ORLANDO, v. ALL FLORIDA FLEETS, INC., 431 So. 2d 1043 (Fla. Dist. Ct. App. 1983)

. . . . §§ 674.202(l)(a), 674.212(1), Fla.Stat. (1981). . §§ 674.104(l)(h), 674.202(2), Fla.Stat. (1981). . . .

S. RATNER, d b a v. CENTRAL NATIONAL BANK OF MIAMI,, 414 So. 2d 210 (Fla. Dist. Ct. App. 1982)

. . . assertion on appeal that breach by Central of its statutory duty of ordinary care pursuant to Section 674.202 . . . Nor is Section 674.202, supra, a defense to the bank’s right to charge-back. . . . or whether the parties effectively varied the notice requirement pursuant to Sections 674.103(1) and 674.202 . . .

CAPITAL CITY FIRST NATIONAL BANK, a v. LEWIS STATE BANK, a, 341 So. 2d 1025 (Fla. Dist. Ct. App. 1977)

. . . Sec. 674.202(2), F.S.1973, “Responsibility for collection; when action seasonable”: “A collecting bank . . . Lewis from clearings on June 20 imposed only the obligation to present the check the following day, § 674.202 . . . Secs. 674.202, .204, F.S.1973. . . .

FLORIDA NATIONAL BANK OF JACKSONVILLE, a v. EXCHANGE BANK OF ST. AUGUSTINE, a, 277 So. 2d 313 (Fla. Dist. Ct. App. 1973)

. . . . § 674.202(1) (a), F.S. “(1) A collecting bank must use ordinary care in: “(a) Presenting an item or . . .