Florida Statute 674.202 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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.

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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 Citing Statute 674.202

Total Results: 6

James Barry Wright v. City of Miami Gardens, etc.

Court: Fla. | Date Filed: 2016-09-15T00:00:00-07:00

Citation: 200 So. 3d 765, 41 Fla. L. Weekly Supp. 387, 2016 Fla. LEXIS 2044

Snippet: the circumstances require.”); see generally § 674.202, Fla. Stat. (2016) (entitled “Responsibility for

Pandol Bros., Inc. v. NCNB NAT. BANK OF FLA.

Court: Fla. Dist. Ct. App. | Date Filed: 1984-05-23T00:53:00-07:00

Citation: 450 So. 2d 592

Snippet: of establishing that the time is reasonable. § 674.202(2), Fla. Stat. (1981). Because the foregoing requires

Royal Trust Bank of Orlando v. All Fla. Fleets, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 1983-05-26T00:53:00-07:00

Citation: 431 So. 2d 1043

Snippet: NOTES [1] §§ 674.202(1)(a), 674.212(1), Fla. Stat. (1981). [2] §§ 674.104(1)(h), 674.202(2), Fla. Stat

Ratner v. Central Nat. Bank of Miami

Court: Fla. Dist. Ct. App. | Date Filed: 1982-04-12T23:53:00-08:00

Citation: 414 So. 2d 210

Snippet: statutory duty of ordinary care pursuant to Section 674.202, Florida Statutes (1979), estops Central from asserting…asserting its claim against Ratner. Nor is Section 674.202, supra, a defense to the bank's right to charge-back…requirement pursuant to Sections 674.103(1)[3] and 674.202, Florida Statutes (1979). We find the issue of

Capital City First Nat. Bank v. Lewis State Bank

Court: Fla. Dist. Ct. App. | Date Filed: 1977-01-18T23:53:00-08:00

Citation: 341 So. 2d 1025

Snippet: the opening of the next banking day." Sec. 674.202(2), F.S. 1973, "Responsibility for collection…obligation to present the check the following day, § 674.202(2), F.S. 1973, supra; or was Lewis, by reason of…an item," i.e., by midnight June 21. Secs. 674.202, .204, F.S. 1973. Hence, Lewis "concedes,&

Florida National Bank v. Exchange Bank

Court: Fla. Dist. Ct. App. | Date Filed: 1973-05-08T00:53:00-07:00

Citation: 277 So. 2d 313

Snippet: would affirm the judgment appealed. NOTES [1] § 674.202(1)(a), F.S. "(1) A collecting bank must use