Florida Statute 674.204 - Full Text and Legal Analysis

The 2025 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

Annotations, Discussions, Cases:

Cases Citing Statute 674.204

Total Results: 3

Capital City First Nat. Bank v. Lewis State Bank

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

District Court of Appeal of Florida | Filed: Jan 19, 1977 | Docket: 1393600

Cited 12 times | Published

for presentment other than its banking house, § 674.204(3), F.S. 1973, Florida State's contract for data

Gathercrest Ltd. v. First American Bank & Trust

649 F. Supp. 106, 1985 U.S. Dist. LEXIS 18147

District Court, M.D. Florida | Filed: Jul 8, 1985 | Docket: 1198821

Cited 9 times | Published

an item directly to the payor bank, Fla.Stat. § 674.204(2)(a), by mail. Fla.Stat. § 673.504(2)(a). Presentment

Florida National Bank at Perry v. Citizens Bank of Perry

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

District Court of Appeal of Florida | Filed: Aug 13, 1985 | Docket: 64613796

Published

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