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July 29
W-9, W-8BEN and W-8 BENE: IRS issues new forms and new rules;
Deborah Crawford

July 31
ACH Security Framework Rule - Small Rule, Big Implications;
Rayleen Pirnie

August 6
Part I
Flood Insurance: Requirements and Best Practices
A Two-Part Companion Webinar Series;
David Dickinson and Jerod Moyer

August 12
A to Z of Reg E;
Andy Zavoina

August 13
Part II
Flood Insurance: Requirements and Best Practices
A Two-Part Companion Webinar Series;
David Dickinson and Jerod Moyer



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#1326178 - 01/18/10 11:08 AM 2 Signatures Required
Hockey Rules Offline
100 Club

Registered: 01/22/09
Posts: 205
Loc: Packer Country
We currently check 2 signature required checks that clear. We are looking to place this onto the customer. What do we all need to do in order for this to happen?
thanks
_________________________
“Hakuna Matata”

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Operations Compliance
#1326199 - 01/18/10 01:19 PM Re: 2 Signatures Required [Re: Hockey Rules]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 49441
Loc: Galveston, TX
Modify your depositor contracts with them.
_________________________
The opinions expressed are my own, take them or leave them.

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#1326201 - 01/18/10 01:29 PM Re: 2 Signatures Required [Re: rlcarey]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 49441
Loc: Galveston, TX
You need legal assistance to pull this off, but here is some typically found wording:

You agree that Bank may disregard information on any check or item other than the signature of the drawer, the identification of the drawee bank and payee, the amount, and other information encoded on the MICR line. You agree that Bank is not responsible to take action on, or for failure to notify you of restrictive language placed on checks or other items, including but not limited to terms such as "Void after 90 days", "Paid in Full", "Two Signatures Required", "Void Over $100" or similar statements. In accordance with reasonable banking standards, most checks and other items are processed through automated processing and, except in limited circumstances and in our discretion, most items are not individually examined. You agree that Bank acts within reasonable banking standards by processing most checks and other items through automated processing systems. Bank may agree to adhere to extraneous banking legends if you notified Bank of such legends and Bank has separately agreed in writing to honor such legends.
_________________________
The opinions expressed are my own, take them or leave them.

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#1326204 - 01/18/10 01:43 PM Re: 2 Signatures Required [Re: rlcarey]
Hockey Rules Offline
100 Club

Registered: 01/22/09
Posts: 205
Loc: Packer Country
Thanks so much for all your help.
_________________________
“Hakuna Matata”

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