US Laws, Codes, Statutes & Cases

RCW Sections

PART 1 - GENERAL PROVISIONS AND DEFINITIONS

• 62A.4-101  Short title.
• 62A.4-102  Applicability.
• 62A.4-103  Variation by agreement; measure of damages; action constituting ordinary care.
• 62A.4-104  Definitions and index of definitions.
• 62A.4-105  "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank".
• 62A.4-106  Payable through or payable at bank; collecting bank.
• 62A.4-107  Separate office of a bank.
• 62A.4-108  Time of receipt of items.
• 62A.4-109  Delays.
• 62A.4-110  Electronic presentment.
• 62A.4-111  Statute of limitations.

PART 2 - COLLECTION OF ITEMS: DEPOSITORY

AND COLLECTING BANKS

• 62A.4-201  Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed "pay any bank".
• 62A.4-202  Responsibility for collection or return; when action timely.
• 62A.4-203  Effect of instructions.
• 62A.4-204  Methods of sending and presenting; sending directly to payor bank.
• 62A.4-205  Depositary bank holder of unindorsed item.
• 62A.4-206  Transfer between banks.
• 62A.4-207  Transfer warranties.
• 62A.4-208  Presentment warranties.
• 62A.4-209  Encoding and retention warranties.
• 62A.4-210  Security interest of collecting bank in items, accompanying documents and proceeds.
• 62A.4-211  When bank gives value for purposes of holder in due course.
• 62A.4-212  Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser.
• 62A.4-213  Medium and time of settlement by bank.
• 62A.4-214  Right of charge-back or refund; liability of collecting bank; return of item.
• 62A.4-215  Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
• 62A.4-216  Insolvency and preference.

PART 3 - COLLECTION OF ITEMS: PAYOR BANKS

• 62A.4-301  Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
• 62A.4-302  Payor bank's responsibility for late return of item.
• 62A.4-303  When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.

PART 4 - RELATIONSHIP BETWEEN PAYOR BANK

AND ITS CUSTOMER

• 62A.4-401  When bank may charge customer's account.
• 62A.4-402  Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.
• 62A.4-403  Customer's right to stop payment; burden of proof of loss.
• 62A.4-404  Bank not obligated to pay check more than six months old.
• 62A.4-405  Death or incompetence of customer.
• 62A.4-406  Customer's duty to discover and report unauthorized signature or alteration.
• 62A.4-407  Payor bank's right to subrogation on improper payment.

PART 5 - COLLECTION OF DOCUMENTARY DRAFTS

• 62A.4-501  Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
• 62A.4-502  Presentment of "on arrival" drafts.
• 62A.4-503  Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
• 62A.4-504  Privilege of presenting bank to deal with goods; security interest for expenses.

Notes:

Reviser's note: Powers, duties, and functions of the department of general administration relating to financial institutions were transferred to the department of financial institutions by 1993 c 472, effective October 1, 1993. See RCW 43.320.011.