Florida Statute 670.505 - Full Text and Legal Analysis

The 2024 Florida Statutes (including 2025 Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 670
UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS

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F.S. 670.505

670.505 Preclusion of objection to debit of customer’s account.—If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within 1 year after the notification was received by the customer.

History.—s. 1, ch. 91-70.

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Amendments to 670.505

Annotations, Discussions, Cases:

Cases Citing Statute 670.505

Total Results: 3

Anderson v. Branch Banking & Trust Co. ex rel. BankAtlantic, LLC

119 F. Supp. 3d 1328, 87 U.C.C. Rep. Serv. 2d (West) 182, 2015 U.S. Dist. LEXIS 98235, 2015 WL 4554921

District Court, S.D. Florida | Filed: Jul 28, 2015 | Docket: 64303285

Cited 7 times | Published

bars his claim as a matter of law.”). Similarly, § 670.505 prohibits a customer from recovering on an unauthorized

Bancredit Cayman Ltd. v. Regions Bank Corp. (In Re Bancredit Cayman Ltd.)

419 B.R. 898, 22 Fla. L. Weekly Fed. B 236, 70 U.C.C. Rep. Serv. 2d (West) 545, 2009 Bankr. LEXIS 3629, 52 Bankr. Ct. Dec. (CRR) 121

United States Bankruptcy Court, S.D. Florida. | Filed: Nov 6, 2009 | Docket: 1858118

Cited 1 times | Published

statute of repose, as enacted by Florida Statute § 670.505. Second, those causes of action that are not directly

Jesus Alonso Alvarez Rodriguez v. Branch Banking & Trust Company

Court of Appeals for the Eleventh Circuit | Filed: Aug 26, 2022 | Docket: 64924993

Published

notification was received by the customer.” Id. § 670.505 (emphasis added). The comment further explains