financial organizations. 1. Any sum payable on a check, draft, or similar instrument, except those subject to section 556.2A, on which a banking or financial organization isdirectly liable, including a cashier’s check and a certified check, which has been outstanding for more than three years after itwas payable or after itsissuance ifpayable on demand, is deemed abandoned, unless the owner, within three years, has communicated in writing with the banking or financial organization concerning itor otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the banking or financial organization. 2. A holder shall not deduct from the amount of any instrument subject to this section any charge imposed by reason of the failure to present the instrument for payment unless there is avalid and enforceable written contract between the holder and the owner of the instrument pursuant to which the holder may impose a charge and the holder regularly imposes such charges and does not regularly reverse or otherwise cancel them.
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