{"data":{"id":"us-fl/fla.-stat.-670.106","jurisdiction":"us-fl","citation":"Fla. Stat. § 670.106","heading":"Time payment order is received.","body":"(1) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice stated in s. 671.209. A receiving bank may fix a cut-off time or times on a funds-transfer business day for the receipt and processing of payment orders and communications canceling or amending payment orders. Different cut-off times may apply to payment orders, cancellations, or amendments or to different categories of payment orders, cancellations, or amendments. A cut-off time may apply to senders generally, or different cut-off times may apply to different senders or categories of payment orders. If a payment order or communication canceling or amending a payment order is received after the close of a funds-transfer business day or after the appropriate cut-off time on a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the opening of the next funds-transfer business day.\n(2) If this chapter refers to an execution date or payment date or states a day on which a receiving bank is required to take action, and the date or day does not fall on a funds-transfer business day, the next day that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this chapter.\nHistory.—s. 1, ch. 91-70; s. 23, ch. 2007-134.","path":["CHAPTER 670 UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0670/0670.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:41Z","sha256":"d39d25b477e732a6b6b7f8c869f96226a3ae00c2b32e76dbfc09cf99716ce133","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-670.105","next":"us-fl/fla.-stat.-670.107"},"notice":"GroundRules: Original legal text. Not legal advice."}