Okla. Stat. tit. 12A, § 12A-7-508: Warranties of collecting bank as to documents of title

Warranties of Collecting Bank as to Documents of Title.

A collecting bank or other intermediary known to be entrusted

with documents of title on behalf of another or with collection of a

draft or other claim against delivery of documents warrants by the

delivery of the documents only its own good faith and authority even

if the collecting bank or other intermediary has purchased or made

advances against the claim or draft to be collected.