Oregon Code § 74.2090·Enacted ·Last updated March 01, 2026
Statute Text
Encoding and retention warranties; remedies.
(1) A person who encodes information on or with
respect to an item after issue warrants to any subsequent collecting bank and
to the payor bank or other payor that the information is correctly encoded. If
the customer of a depositary bank encodes, that bank also makes the warranty.
(2) A person who
undertakes to retain an item pursuant to an agreement for electronic
presentment warrants to any subsequent collecting bank and to the payor bank or
other payor that retention and presentment of the item comply with the
agreement. If the customer of a depositary bank undertakes to retain an item,
that bank also makes this warranty.
(3) A person to
whom warranties are made under this section and who took the item in good faith
may recover from the warrantor as damages for breach of warranty an amount
equal to the loss suffered as a result of the breach, plus expenses and loss of
interest incurred as a result of the breach. [1961 c.726 §74.2090; 1993 c.545 §92]
Plain English Explanation
This Oregon statute addresses Encoding and retention warranties; remedies. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 74.2090
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Encoding and retention warranties; remedies. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 74.2090. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.