28-4-401. WHEN BANK MAY CHARGE CUSTOMER’S ACCOUNT. (1) A bank may charge against the account of a customer an item that is properly payable from that account even though the charge creates an overdraft. An item is properly payable if it is authorized by the customer and is in accordance with any agreement between the […]
28-4-402. BANK’S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR — TIME OF DETERMINING INSUFFICIENCY OF ACCOUNT. (1) Except as otherwise provided in this chapter, a payor bank wrongfully dishonors an item if it dishonors an item that is properly payable, but a bank may dishonor an item that would create an overdraft unless it has agreed […]
28-4-403. CUSTOMER’S RIGHT TO STOP PAYMENT — BURDEN OF PROOF OF LOSS. (1) A customer or any person authorized to draw on the account if there is more than one (1) person may stop payment of any item drawn on the customer’s account or close the account by an order to the bank describing the […]
28-4-404. BANK NOT OBLIGATED TO PAY CHECK MORE THAN SIX MONTHS OLD. 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 six (6) months after its date, but it may charge its customer’s account for a payment […]
28-4-404A. BANK SHALL PROVIDE NOTICE OF USE OF PHOTOCOPY CHECK. In the event the original copy of a check is lost or mutilated during processing by a bank, and if a photocopy of a check is presented for payment, and the bank honors the photocopy for payment, the bank shall prepare a notice to its […]
28-4-404B. STATUTORY FORM FOR NOTICE OF PROCESSING PHOTOCOPIED CHECK. The notice of a photocopied check required by section 28-4-404A, Idaho Code, shall be imprinted on the jacket containing the photocopied check or the facsimile itself and the notice shall be substantially in the following form: NOTICE OF PROCESSING OF PHOTOCOPIED CHECK. A check drawn by […]
28-4-404C. WHEN NOTICE NOT REQUIRED. The notice required by section 28-4-404B, Idaho Code, shall not be required in the event that the customer has elected to have the bank hold checks. History: [28-4-404C, added 1984, ch. 145, sec. 3, p. 341.]
28-4-405. DEATH OR INCOMPETENCE OF CUSTOMER. (1) A payor or collecting bank’s authority to accept, pay or collect an item or to account for proceeds of its collection, if otherwise effective, is not rendered ineffective by incompetence of a customer of either bank existing at the time the item is issued or its collection is […]
28-4-406. CUSTOMER’S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE OR ALTERATION. (1) A bank that sends or makes available to a customer a statement of account showing payment of items for the account shall either return or make available to the customer the items paid or provide information in the statement of account sufficient to […]
28-4-407. PAYOR BANK’S RIGHT TO SUBROGATION ON IMPROPER PAYMENT. If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after an account has been closed, or otherwise under circumstances giving a basis for objection by the drawer or maker, to prevent unjust enrichment and only […]
