Question: Is there any regulation that requires the remitter of a cashier's check to be the purchaser? If so, what are the repercussions for not doing so?
Answer: To my knowledge, there is no federal law or regulation on this subject, other than BSA regulations which require the bank to keep certain records if the instrument is purchased with cash between 3 and 10K. It seems doubtful that there would be any state law.
As long as the check used to purchase the cashier's check is payable to and endorsed by the purchaser, I would probably be willing to list anyone as the remitter.
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