Florida Statute 670.204 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 670
UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS

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F.S. 670.204

670.204 Refund of payment and duty of customer to report with respect to unauthorized payment order.—

(1) If a receiving bank accepts a payment order issued in the name of its customer as sender which is not authorized and not effective as the order of the customer under s. 670.202 or is not enforceable, in whole or in part, against the customer under s. 670.203, 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.

(2) Reasonable time under subsection (1) may be fixed by agreement, but the obligation of a receiving bank to refund payment as stated in subsection (1) may not otherwise be varied by agreement.

History.—s. 1, ch. 91-70; s. 24, ch. 2007-134.

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Amendments to 670.204

Arrestable Offenses / Crimes under Fla. Stat. 670.204

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 670.204.

Annotations, Discussions, Cases:

Cases Citing Statute 670.204

Total Results: 2

Gustavsson v. Washington Mut. Bank, FA

Court: District Court of Appeal of Florida | Date Filed: 2003-06-04

Citation: 850 So. 2d 570, 2003 Fla. App. LEXIS 8289, 2003 WL 21276040

Snippet: gross negligence, and violations of sections 670.204 and 674.401, Florida Statutes. [3] Here the lower

Florida Patient's Comp. Fund v. Von Stetina

Court: Supreme Court of Florida | Date Filed: 1985-05-16

Citation: 474 So. 2d 783, 10 Fla. L. Weekly 286, 1985 Fla. LEXIS 3242

Snippet: Community Hospital, Inc., 36 Cal.3d 359, 683 P.2d 670, 204 Cal. Rptr. 671 (1984).