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Illinois Compiled Statutes

810 ILCS 5/4-302 (2026)

Payor bank's responsibility for late return of item

✓ current as of May 2026
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(810 ILCS 5/4-302) (from Ch. 26, par. 4-302)
    Sec. 4-302. Payor bank's responsibility for late return of item.
    (a) If an item is presented to and received by a payor bank, the bank is accountable for the amount of:
        (1) 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
        (2) 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.
    (b) The liability of a payor bank to pay an item pursuant to subsection (a) is subject to defenses based on breach of a presentment warranty (Section 4-208) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank.
(Source: P.A. 87-582; 87-1135; 87-1242; 88-123.)

    
Notes of Decisions
Cited in 2 cases, 1993–2010 · leading case: Clausen Miller, P.C. v. Citibank, N.A., 738 F. Supp. 2d 850 (N.D. Ill. 2010).
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Clausen Miller, P.C. v. Citibank, N.A., 738 F. Supp. 2d 850 (N.D. Ill. 2010). · cites it 2× “, alleging that defendant violated 810 ILCS 5/4-302 by failing to timely return and dishonor a check, and that defendant is accountable to plaintiff for the amount of the check ($372,640) plus interest.”
First Nat'l Bank v. Colonial Bank, 831 F. Supp. 637 (N.D. Ill. 1993). · cites it 3× “*638 Under § 4-302 of the Uniform Commercial Code (“UCC”), 810 ILCS 5/4-302 (S.H.A. 1993), if Colonial wanted to deny payment, it had until midnight of February 12 to return the checks.”
— 810 ILCS 5/4-302(b) — 1 case
First Nat'l Bank v. Colonial Bank, 831 F. Supp. 637 (N.D. Ill. 1993). “*638 Under § 4-302 of the Uniform Commercial Code (“UCC”), 810 ILCS 5/4-302 (S.H.A. 1993), if Colonial wanted to deny payment, it had until midnight of February 12 to return the checks.”
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