I was asked today, on our bank's affidavit of fraud and forgery form for checks that have been cashed fraudulently, why we require it to be notarized. Is this required? The people who created the form and implemented it are no longer here. We are trying to figure out if a customer has check fraud, on our form that customers sign, does the bank have to have a section so it is notarized?
Our customer wrote two checks to the same payee, one was dated 2/10/12 the second was dated 4/10/12. Towards the end of July, the payee notified our customer that he did not receive the checks. He signed an Affidavit of Forged Endorsement and we returned the check as fraudulent along with the affidavit. The depositing back disputed the item as a late return. Is there anything we can do now? Can we possibly claim breach of warranty?
Does Mastercard require a notarized affidavit for debit card fraud and if the answer is no, when did it go away ?
What are some things to watch out for with Powers of Attorney?
We have a joint account (mother/daughter) who have a customer who just filed an Affidavit of Unauthorized Activity for 82 ATM withdraws out of NY, NY dating all the way back to April 2011. The daughter is in NY and the mother gets the statements. The mother does review the statements monthly but never questioned the ATM withdrawals due to the small amounts of each. Now 8 months later, she is claiming they are fraudulent and wants the money back. What regulations/rules apply here and how much money, if any, do we have to give her back. I say that it is gross negligence on the motherâ€™s part and she should be entitled to nothing. Any insights? My FI is located in New Jersey.
How long does a bank have to return a check for improper endorsement?
REG E Question: A customer authorized a purchase for a product. The product has not been received and the customer contacted the company and found out that the company has filed for bankruptcy. Our customer then filed an unauthorized affidavit for his refund. Is the bank responsible for refunding the provisional credit when the customer did say in his response that he did authorized the purchase?
We have a customer that authorized a company to debit her account $800.00. The company sent a paper draft in the amount of $995.00. How long do I have to return the item?
What is the statute of limitations in each state for someone to submit a forged endorsement claim (ucc 4-406)?
When opening a business account, when should we require a fictitious name statement? We have been told that if the last name is in the title, we don't need one, but if it is questionable, such as Smith and Company, it may not be a sole proprietorship, and we have to require the name statement. If they tell us they are a sole proprietorship, and we open a NOW account, but the title is Smith and Co., how do we prove it really is a sole proprietorship?