{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4-402","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4-402","heading":"Bank's Liability to Customer for Wrongful Dishonor;","body":"Time for Determining Insufficiency of Account.\n\nBANK'S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR;\n\nTIME FOR DETERMINING INSUFFICIENCY OF ACCOUNT\n\n(a) Except as otherwise provided in this article, a payor bank\n\nwrongfully dishonors an item if it dishonors an item that is\n\nproperly payable, but a bank may dishonor an item that would create\n\nan overdraft unless it has agreed to pay the overdraft.\n\n(b) A payor bank is liable to its customer for damages\n\nproximately caused by the wrongful dishonor of an item. Liability\n\nis limited to actual damages proved and may include damages for an\n\narrest or prosecution of the customer or other consequential\n\ndamages. Whether any consequential damages are proximately caused\n\nby the wrongful dishonor is a question of fact to be determined in\n\neach case.\n\n(c) A payor bank's determination of the customer's account\n\nbalance on which a decision to dishonor for insufficiency of\n\navailable funds is based and may be made at any time between the\n\ntime the item is received by the payor bank and the time that the\n\npayor bank returns the item or gives notice in lieu of return, and\n\nno more than one (1) determination need be made. If, at the\n\nelection of the payor bank, a subsequent balance determination is\n\nmade for the purpose of reevaluating the bank's decision to dishonor\n\nthe item, the account balance at that time is determinative of\n\nwhether a dishonor for insufficiency of available funds is wrongful.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"e9506541840124ba3b0e939d7afa850c861a2310cda1698cd621c4e24f3135dc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4-401","next":"us-ok/okla.-stat.-tit.-12a-12a-4-403"},"notice":"GroundRules: Original legal text. Not legal advice."}