FL H0457

Defines "payment instrument" to include checks, drafts, orders of payment, debit card orders, and electronic funds transfers for purposes of collection actions.

Authorizes payees to recover bank fees and a service charge ($25-$40 or 5% of face value, whichever is greater) without filing a civil action when payment is refused due to lack of funds or stopped payment with intent to defraud.

In civil actions for dishonored payment instruments, makers or drawers who fail to pay within 30 days of written demand are liable for triple damages (minimum $50), court costs, reasonable attorney fees, and bank fees.

Requires written demand be delivered by certified/registered mail or first-class mail to specified addresses before civil action can proceed, with a standardized notice form detailing the 30-day payment period.

Effective date July 1, 2013.