Official Checks Issues


$275.00

Presented by:
John Burnett

Can you tell a cashierís check and tellerís check apart? Do you know how to handle lost, stolen or destroyed official checks? Can you stop payment on a cashierís check? What about putting holds on cashierís checks when the payor bank wonít verify that they are valid?Can you tell a cashierís check and tellerís check apart? Do you know how to handle lost, stolen or destroyed official checks? Can you stop payment on a cashierís check? What about putting holds on cashierís checks when the payor bank wonít verify that they are valid?

There is no "standard" look to official checks, and simply printing "Cashier's Check" on a piece of paper doesn't make it so. So how do you know when you've got the genuine article, and what can you do when you aren't able to find out?

This two-hour program focuses on the Regulation CC and UCC definitions and rules covering these checks and provides practical guidance on the many concerns bankers have about them.

A failure to understand the law, regulations, and restrictions applying to this special group of checks can lead to lawsuits, increase legal costs, and cause your financial institution significant losses.

During this two-hour webinar, learn about:

  • The legal definitions that apply to these checks
  • Regulation CC and official checks
    • Special definition
    • Availability
    • Exception holds
  • Why official checks are prime targets for counterfeiters
  • Some warning signs for counterfeit checks
  • Options available when checks cannot be verified
  • Handling claims that checks have been lost, stolen or destroyed
  • Why you can't stop payment on official checks
  • Returning an official check unpaid
  • When a cashier's check isn't the best purchase
  • Handling unused checks
  • Treasury Department recordkeeping requirements

    Who should attend?
  • Tellers
  • Branch managers
  • Operations managers
  • New accounts personnel
  • Return check personnel

    VIEW A 10 MINUTE SAMPLE
    (requires Windows Media Player and IE).


    About the speaker:††

    John Burnett
    John Burnett is a 1979 alumnus of the ABA National Compliance School, and has served on its faculty for several years. He graduated with honors with the Class of 1990 from ABAís Stonier Graduate School of Banking. He is also a graduate of the BAIís and the Massachusetts Banker Associationís Schools of Banking.

    He joined Cape Cod Bank and Trust Company in 1971 and assumed his role as Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBTís Board of Directors, as well as Clerk of the bankís holding company. After leaving the bank in 2004, John joined Glia Group, Inc. and became a part of the BOL Team in June, 2004.

    • Complete presentation (including slides and audio)
    • Written Materials
    • Follow-up Q & A
    You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

  • This program was recorded in its entirety in October 2005. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

    Add to Cart:

    • Model: cd_checks1005
    • Manufactured by: Glia Group, Inc.


    This product was added to our catalog on Thursday 08 September, 2005.

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