(a) A collecting bank shall send items by a reasonably prompt method, taking into
consideration relevant instructions, the nature of the item, the number of those items
on hand, the cost of collection involved, and the method generally used by it or others
to present those items.
(b) A collecting bank may send:
(1) An item directly to the payor bank;
(2) an item to a nonbank payor if authorized by its transferor; and
(3) an item other than documentary drafts to a nonbank payor, if authorized by federal
reserve regulation or operating circular, clearing-house rule, or the like.
(c) Presentment may be made by a presenting bank at a place where the payor bank or
other payor has requested that presentment be made.
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