Florida Statute 674.302 | 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. 674.302

674.302 Payor bank’s responsibility for late return of item.—

(1) If an item is presented to and received by a payor bank, the bank is accountable for the amount of:

(a) A demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in which it is not also the depositary bank, retains the item beyond midnight of the banking day of receipt without settling for it or, whether or not it is also the depositary bank, does not pay or return the item or send notice of dishonor until after its midnight deadline; or

(b) Any other properly payable item unless, within the time allowed for acceptance or payment of that item, the bank either accepts or pays the item or returns it and accompanying documents.

(2) The liability of a payor bank to pay an item pursuant to subsection (1) is subject to defenses based on breach of a presentment warranty (s. 674.2081) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank.

History.—s. 1, ch. 65-254; s. 36, ch. 92-82.

Note.—s. 4-302, U.C.C.; supersedes s. 676.55.

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Amendments to 674.302

Arrestable Offenses / Crimes under Fla. Stat. 674.302

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.302.

Annotations, Discussions, Cases:

Cases Citing Statute 674.302

Total Results: 5

Arnold, Matheny, Pa v. First Am. Holdings

Court: Supreme Court of Florida | Date Filed: 2008-05-01

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

Snippet: person entitled to enforce the check. Subject to s. 674.302(1)(a), payment to the claimant discharges all liability

First Bank of Immokalee v. Fwcc

Court: District Court of Appeal of Florida | Date Filed: 1999-09-10

Citation: 745 So. 2d 994

Snippet: for insufficient funds. FWCC sued under section 674.302(1), Florida Statutes (1993), which states that

First Union Nat. Bank v. First Fla. Bank, NA

Court: District Court of Appeal of Florida | Date Filed: 1993-04-16

Citation: 616 So. 2d 1168, 20 U.C.C. Rep. Serv. 2d (West) 1017, 1993 Fla. App. LEXIS 4230, 1993 WL 114778

Snippet: trial court determined that sections 673.508 and 674.302, Florida Statutes (1985), should be controlled

Bank of Miami v. BANCO INDUS. Y GANADERO

Court: District Court of Appeal of Florida | Date Filed: 1987-11-03

Citation: 515 So. 2d 1038, 1987 WL 4126

Snippet: checks, violated the "midnight deadline" rule, §§ 674.302, 674.104(1)(h), Fla. Stat. (1979),[1] and thereby

Peoples Bank in North Fort Myers v. Bob Lincoln, Inc.

Court: District Court of Appeal of Florida | Date Filed: 1973-09-14

Citation: 283 So. 2d 400, 13 U.C.C. Rep. Serv. (West) 672, 1973 Fla. App. LEXIS 6650

Snippet: any kind apart from the instrument. Fla. Stat. § 674.302 provides: In the absence of a valid defense such