In forty-eight states, UCC section 3-312 allows the remitter or payee of an official bank check (cashier's check, teller's check, certified check) to declare that the check is lost, stolen, or destroyed, and to enter a claim asking the bank to replace the check or otherwise reimburse the claimant. That claim "matures" after ninety days from the issue or certification date of the check. Then, if the original check hasn't been paid earlier, the bank can pay the claim.
I have a question about this statement. Are you saying that, even if the lost/stolen/destroyed indemnity is valid in my state, and signed by the customer, the bank is still not allowed to reissue funds until 90 days has passed?
I ask because I've seen it policy that, once that indemnity is signed, the bank will reissue funds immediately.