Florida Statute 674.204 | 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. 674.204

674.204 Methods of sending and presenting; sending directly to payor bank.—

(1) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.

(2) A collecting bank may send:

(a) An item directly to the payor bank;

(b) An item to a nonbank payor if authorized by its transferor; and

(c) An item other than documentary drafts to a nonbank payor, if authorized by Federal Reserve regulation or operating circular, clearinghouse rule, or the like.

(3) Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.

History.—s. 1, ch. 65-254; s. 22, ch. 92-82.

Note.—s. 4-204, U.C.C.

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Amendments to 674.204

Arrestable Offenses / Crimes under Fla. Stat. 674.204

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.204.

Annotations, Discussions, Cases:

Cases Citing Statute 674.204

Total Results: 2

Florida National Bank at Perry v. Citizens Bank of Perry

Court: District Court of Appeal of Florida | Date Filed: 1985-08-13

Citation: 474 So. 2d 852, 41 U.C.C. Rep. Serv. (West) 1348, 10 Fla. L. Weekly 1949, 1985 Fla. App. LEXIS 15482

Snippet: So.2d 1025, 1027 (Fla. 1st DCA 1977); Section 674.204, Florida Statutes (1981). However, where a collecting

Capital City First Nat. Bank v. Lewis State Bank

Court: District Court of Appeal of Florida | Date Filed: 1977-01-19

Citation: 341 So. 2d 1025, 21 U.C.C. Rep. Serv. (West) 183

Snippet: receipt of an item ... acts seasonably... ." Sec. 674.204, F.S. 1973 "Methods of sending and presenting;