Do Settlement Checks Expire in Florida?

Anyone who receives settlement checks in Florida should understand the details. Legal settlements and personal injury claims are common in Florida.

What Are Settlement Checks?

Settlement checks are financial instruments issued as part of a legal settlement. They compensate recipients for damages and disputes settled outside or within the courtroom. The process, from the settlement agreement to the receipt of the check, is governed by legal frameworks and agreements between the parties involved. These checks represent the final step of a legal dispute in Florida and elsewhere, symbolizing resolution and closure.

Florida Settlement Check Expiration Period

Like many other states, Florida has a standard expiration date for settlement checks, usually six months after the issue date. This standard is consistent with the Uniform Commercial Code, which most banks follow. The exact expiration date of a settlement check can be affected by the issuing bank’s policies and the issuing entity’s requirements. State laws and regulations also influence this timeline.

The Implications of Expiration in Florida

Refrain from cashing a settlement check before it expires in Florida to avoid unnecessary complications, such as delays in receiving the compensation you are entitled to and potential legal obstacles when trying to reissue a check. If you have an expired check, contact the issuer immediately. This process can be lengthy and challenging, so acting quickly when dealing with settlement checks is essential.

How to Avoid Expiration of Settlement Checks

To prevent settlement checks from expiring in Florida, recipients should:

• Review and understand the terms of the settlement check immediately upon receipt.
• Communicate directly with your attorney to resolve doubts about the check’s validity.
• The bank may have policies regarding large deposits or potential hold-backs.

This post was written by a professional at Kevin L. Sullivan II. Attorney Kevin L. Sullivan II is your truck accident attorney New Port Richey FL, and the best personal injury attorney near you for LeavenLaw. Kevin is proud to serve Florida accident victims that have been injured in auto accidents, motorcycle accident, slip and falls or have suffered any other type of injury caused by negligence. Kevin offers a FREE no-obligation consultation to discuss your claim. There are NO upfront fees or costs and if he does not collect for you, you do not owe him anything.