The Credit Card Bank Act is a section of the Florida Statutes that governs the issuance and use of credit cards by domestic lenders and credit card banks. The Act defines key terms such as ‘credit card’ and ‘credit card account’. It allows domestic lenders, foreign lenders, and business organizations to organize, own, and control credit card banks, subject to certain conditions and approval from the office. Credit card banks are limited to engaging in activities related to soliciting, processing, and making loans through credit card accounts.

This legal document governs the medium and time of settlement by a bank. It applies to banks involved in settlement transactions. The document states that the medium and time of settlement may be prescribed by Federal Reserve regulations, clearinghouse rules, or agreements. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve bank or specified by the person receiving settlement.

This section of the Florida Statutes, specifically under the Uniform Commercial Code: Bank Deposits and Collections, pertains to the final payment of items by payor banks, the process by which provisional debits and credits become final, and the availability of credits for withdrawal. An item is considered finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or when a provisional settlement is made and not revoked within the permitted time.

This section of the Florida Statutes, specifically under the Uniform Commercial Code: Bank Deposits and Collections, pertains to the collection of items by payor banks. It outlines the procedures and conditions under which a payor bank can settle for a demand item, revoke the settlement, and recover the settlement. The payor bank has the option to return the item or send written notice of dishonor or nonpayment if the item is unavailable for return.

This section of the Florida Statutes, specifically under the Uniform Commercial Code: Bank Deposits and Collections, pertains to the collection of items by payor banks. It states that any knowledge, notice, stop-payment order, or legal process received by a payor bank does not terminate, suspend, or modify the bank’s right or duty to pay an item or charge its customer’s account if the bank has already accepted or certified the item, paid the item in cash, settled for the item without the right to revoke the settlement, become accountable for the amount of the item, or if a cutoff hour has passed.

This legal document, found in the Florida Statutes under the Uniform Commercial Code, specifically addresses the relationship between a payor bank and its customer regarding bank deposits and collections. According to this document, a bank has the authority to charge a customer’s account for an item that is properly payable from that account, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreement between the customer and the bank.

This legal document, found in the Florida Statutes under the Uniform Commercial Code, specifically addresses the relationship between a customer and a payor bank in the context of bank deposits and collections. It grants the customer or any authorized person the right to stop payment of any item drawn on the customer’s account or close the account by providing a written order to the bank. The stop-payment order is effective for 6 months and can be renewed for additional 6-month periods.

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than 6 months after its date; but it may charge its customers account for a payment made thereafter in good faith. History. s. 1, ch. 65-254; s. 41, ch. 92-82. Note. s. 4-404, U.C.C.; supersedes s. 659.31.

This legal document, found in the Florida Statutes under the Uniform Commercial Code: Bank Deposits and Collections, outlines the duty of customers to discover and report unauthorized signatures or alterations. According to the document, if a bank sends a statement of account or items to a customer, the customer must promptly examine them to determine if any payment was unauthorized due to an alteration or unauthorized signature. If the customer should have reasonably discovered the unauthorized payment based on the provided statement or items, they must promptly notify the bank.

This section of the Florida Statutes governs the criminal use of personal identification information. It applies to any person who willfully and without authorization fraudulently uses, possesses, or attempts to use personal identification information concerning another person without their consent. The term ‘personal identification information’ includes various types of information that can be used to identify a specific person, such as names, addresses, social security numbers, driver’s license numbers, and bank account numbers.