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Florida Statute 674.215 - Full Text and Legal Analysis
Florida Statute 674.215 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 674.215 Case Law from Google Scholar Google Search for Amendments to 674.215

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 674
UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS
View Entire Chapter
F.S. 674.215
674.215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
(1) An item is finally paid by a payor bank when the bank has first done any of the following:
(a) Paid the item in cash;
(b) Settled for the item without having a right to revoke the settlement under statute, clearinghouse rule, or agreement; or
(c) Made a provisional settlement for the item and failed to revoke the settlement in the time and manner permitted by statute, clearinghouse rule, or agreement.
(2) If provisional settlement for an item does not become final, the item is not finally paid.
(3) If provisional settlement for an item between the presenting and payor banks is made through a clearinghouse or by debits or credits in an account between them, then to the extent that provisional debits or credits for the item are entered in accounts between the presenting and payor banks or between the presenting and successive prior collecting banks seriatim, they become final upon final payment of the item by the payor bank.
(4) If a collecting bank receives a settlement for an item which is or becomes final, the bank is accountable to its customer for the amount of the item and any provisional credit given for the item in an account with its customer becomes final.
(5) Subject to applicable law stating a time for availability of funds and any right of the bank to apply the credit to an obligation of the customer, credit given by a bank for an item in a customer’s account becomes available for withdrawal as of right:
(a) If the bank has received a provisional settlement for the item, when the settlement becomes final and the bank has had a reasonable time to receive return of the item and the item has not been received within that time; or
(b) If the bank is both the depositary bank and the payor bank, and the item is finally paid, at the opening of the bank’s second banking day following receipt of the item.
(6) Subject to applicable law stating a time for availability of funds and any right of a bank to apply a deposit to an obligation of the depositor, a deposit of money becomes available for withdrawal as of right at the opening of the bank’s next banking day after receipt of the deposit.
History.s. 1, ch. 65-254; s. 1, ch. 67-172; s. 33, ch. 92-82.
Note.s. 4-213, U.C.C.; supersedes s. 676.55; former s. 674.213.

F.S. 674.215 on Google Scholar

F.S. 674.215 on CourtListener

Amendments to 674.215


Annotations, Discussions, Cases:

Cases Citing Statute 674.215

Total Results: 2

In Re College Bound, Inc.

172 B.R. 399, 8 Fla. L. Weekly Fed. B 220, 32 Collier Bankr. Cas. 2d 341, 1994 Bankr. LEXIS 1540, 26 Bankr. Ct. Dec. (CRR) 63

United States Bankruptcy Court, S.D. Florida. | Filed: Sep 27, 1994 | Docket: 1868162

Cited 9 times | Published

subsequently enters the bank collection process. Under § 674.215, until such time as the payor bank (the Debtor's

In re Williams

269 B.R. 68, 15 Fla. L. Weekly Fed. B 9, 2001 Bankr. LEXIS 1414, 89 A.F.T.R.2d (RIA) 674, 2001 WL 1355608

District Court, M.D. Florida | Filed: Sep 28, 2001 | Docket: 65516040

Published

distributed. The Debtors rely on Florida Statutes § 674.215 for the proposition that a check’s payment does