Florida Statute 673.4111 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.4111

673.4111 Refusal to pay cashier’s checks, teller’s checks, and certified checks.—

(1) In this section, the term “obligated bank” means:

(a) The acceptor of a certified check; or

(b) The issuer of a cashier’s check or teller’s check bought from the issuer.

(2) If the obligated bank wrongfully refuses to pay a cashier’s check or certified check, wrongfully stops payment of a teller’s check, or wrongfully refuses to pay a dishonored teller’s check, the person asserting the right to enforce the check is entitled to compensation for expenses and loss of interest resulting from the nonpayment and may recover consequential damages if the obligated bank refuses to pay after receiving notice of particular circumstances giving rise to the damages.

(3) Expenses or consequential damages under subsection (2) are not recoverable if the refusal of the obligated bank to pay occurs because:

(a) The bank suspends payments;

(b) The obligated bank asserts a claim or defense of the bank that it has reasonable grounds to believe is available against the person entitled to enforce the instrument;

(c) The obligated bank has a reasonable doubt whether the person demanding payment is the person entitled to enforce the instrument; or

(d) Payment is prohibited by law.

History.—s. 2, ch. 92-82.

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Amendments to 673.4111

Annotations, Discussions, Cases:

Cases Citing Statute 673.4111

Total Results: 3

Arnold, Matheny, Pa v. First Am. Holdings

982 So. 2d 628, 33 Fla. L. Weekly Supp. 268, 2008 Fla. LEXIS 755, 2008 WL 1901686

Supreme Court of Florida | Filed: May 1, 2008 | Docket: 2518612

Cited 19 times | Published

payment on a cashier's or certified check. See § 673.4111(2), Fla. Stat. (2002).[11] A bank may honor the

Peter Torocsik v. HSBC Bank USA, National Association, etc., and Matthew Weaver, etc.

165 So. 3d 781, 86 U.C.C. Rep. Serv. 2d (West) 741, 2015 Fla. App. LEXIS 8036, 2015 WL 3387916

District Court of Appeal of Florida | Filed: May 27, 2015 | Docket: 2679304

Published

for damages against the Bank was based on section 673.4111, Florida Statutes (2008), which provides in

JTM, INC. v. Totalbank

795 So. 2d 161, 46 U.C.C. Rep. Serv. 2d (West) 787, 2001 Fla. App. LEXIS 12493, 2001 WL 1007408

District Court of Appeal of Florida | Filed: Sep 5, 2001 | Docket: 1673163

Published

because it does not apply to cashier's checks. Section 673.4111, Florida Statutes (1993), does apply to cashier's