The 2023 Florida Statutes (including 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.

F.S. 670.505 on Google Scholar

F.S. 670.505 on Casetext

Amendments to 670.505

Arrestable Offenses / Crimes under Fla. Stat. 670.505

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 670.505.

Annotations, Discussions, Cases:

Cases from cite.case.law:

A. TRUDEL, v. SUNTRUST BANK,, 223 F. Supp. 3d 71 (D.D.C. 2016)

. . . . § 670.505. . . . Stat. § 670.505; see also Lake Wales Publ’g Co. v. . . . Stat. § 670.505. . . .

ANDERSON, v. BRANCH BANKING AND TRUST COMPANY, LLC,, 119 F. Supp. 3d 1328 (S.D. Fla. 2015)

. . . Stat. § 670.505 (emphasis added). . . . Stat. § 670.505 cmt. . . . Stat. §§ 674.406(6) and 670.505. . . . Stat. § 670.505. . . . "Stat. § 670.505. . . .

In BANCREDIT CAYMAN LIMITED In In E. L. G. v. f k a, 419 B.R. 898 (Bankr. S.D. Fla. 2009)

. . . That claim is precluded based on UCC Article 4A’s statute of repose, as enacted by Florida Statute § 670.505 . . . argues that Plaintiffs Article 4A claim is barred by the one-year statute of repose set forth in § 670.505 . . . Fla.Stat. § 670.505. . . . Official Comment to Fla.Stat. § 670.505. . . . See, e.g., Official Comment to Fla.Stat. § 670.505; FI. . . .