A bill for an act relating to stopping payment on a negotiable instrument by using an electronic record in ...
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HF 2171 — A bill for an act relating to stopping payment on a negotiable instrument by using an electronic record in lieu of a writing. (Formerly HSB 532.) Effective 7-1-18.
Last action — Signed by Governor.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 31, 2018. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
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Bill Text
What changed in the latest version
20 added · 41 removed20 line(s) added, 41 removed.
House File 2171 - IntroducedEnrolled HOUSEHouse FILEFile 2171 BYAN COMMITTEEACT ONRELATING COMMERCE (SUCCESSOR TO HSBSTOPPING 532)PAYMENT ON A BILLNEGOTIABLE FORINSTRUMENT AnBY ActUSING relatingAN toELECTRONIC stoppingRECORD paymentIN onLIEU aOF negotiableA instrumentWRITING. by using an electronic record in lieu of a writing.
TLSBSection 5057HV1. (1) 87 da/rn H.F.
2171 Section 1.
In addition to a stop-payment order made or renewed in writing as described in subsection 2, an equivalent stop-payment order may also be made or renewed as part of a record that is stored in an electronic medium, andHouse submittedFile to2171, thep. bank, which may include delivery via electronic transmission.
EXPLANATION2 Theand inclusionsubmitted ofto this explanation does not constitute agreement with the explanation’sbank, substancewhich bymay theinclude membersdelivery ofvia theelectronic generaltransmission. assembly.
This______________________________ bill______________________________ amendsLINDA aUPMEYER provisionCHARLES inSCHNEIDER ArticleSpeaker 4,of Partthe 4,House President of the uniformSenate commercialI codehereby (“UCC”)certify regulatingthat this bill originated in the relationshipHouse betweenandis banksknown andas itsHouse customers.File 2171, Eighty-seventh General Assembly.
Code______________________________ sectionCARMINE 554.4403BOAL requiresChief aClerk customerof or other authorized person to give the bankHouse timelyApproved and_______________, adequate2018 notice______________________________ ofKIM stop-paymentREYNOLDS instructionsGovernor (an “order”) either verbally or in writing.
The order must be received by the bank in sufficient detail (describing the item or account) and within a reasonable time sufficient for it to act (some period between the time the item left the customer’s possession and before it is presented to the bank for payment from the customer’s account).
A verbal stop-payment order lapses 14 days after it was given.
A written stop-payment order lapses after six months following the date it was given.
During the period that a verbal or written stop-payment order is effective, it may be renewed for any number of additional six-month periods but only if the order is given in writing during the effectiveness of the last order given.
The bill amends Code section 554.4403 by allowing a customer or other authorized person to contact the customer’s bank by using an electronic “record” and submitting that record (e.g., by electronic transmission such as email) to stop payment on an item on an equivalent basis to a written stop-payment order.
LSB 5057HV (1) 87 -1- da/rn 1/1
Action History
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Signed by Governor.
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Sent to Governor.
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Reported correctly enrolled, signed by Speaker and President.
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Message from Senate.
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Immediate message.
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Passed Senate, ayes 49, nays 0.
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Substituted for SF 2170.
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Read first time and attached to companion SF 2170.
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Message from House.
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Immediate message.
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Passed House, ayes 95, nays none.
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Introduced, placed on calendar.
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 0 co-sponsors · 150 not signed on
Sponsors (0)
None.
Co-sponsors (0)
None.
Not signed on (150)
150 members have not signed on to this bill.
Show all 150 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What is the current status of HF 2171?
- This bill has been enacted into law. Introduced January 31, 2018. Enacted.
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