Dealing with Forged Checks

Presented by:
Mary Beth Guard

Avoiding losses on problem checks requires you to know what your rights and responsibilities really are under Articles 3 and 4 of the Uniform Commercial Code. Who was supposed to do what, and when, and what are the consequences for failing to do so? Who's liable?

This is the first in a multi-part series of webinars dealing with problem checks. Register for one - or for the entire series!

This particular Webinar will concentrate on problems resulting from forged drawer signatures. Upcoming problem checks webinars will cover endorsement issues, alterations, restrictive legends, postdating, stop payments, encoding glitches, imposters, fraud by employees, return timing and notification issues and other important problem check topics.

Why Should You Attend?
When a check is forged on your customer's account, you have to make a decision about whether to recredit his account. This Webinar will help you evaluate what your legal obligations are.

What Can You Expect To Learn?
When a signature is unauthorized;
What constitutes a forgery;
Timing for detecting and returning a forged item;
The customer's duty to examine his statement;
When the customer's examination is not timely;
Whether sight examination is required;
What constitutes "ordinary care" on your part;
Contractual methods to limit liability;
Opportunities to pass the loss to other parties;
How your negligence, or the customer's, impacts the liability allocation;
Defenses you may be able to raise to a forgery claim.

About the speaker:
Mary Beth Guard

Mary Beth Guard has been teaching financial privacy to bankers since the early 1990s and has authored more than a hundred articles on private-related subjects. In addition, she has created privacy cheat sheets and matrices used by thousands of bankers nationwide. Currently serving as Executive Editor of BankersOnline.com, Mary Beth has had a long and distinguished career, focusing on the banking industry since 1984. Previously, Mary Beth served as EVP/General Counsel and COO for the Oklahoma Bankers Association and General Counsel for the Oklahoma State Banking Department.

CD-ROM includes:

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 has been approved for 2.5 hours CRCM credit.