Skip to content
 

Latest Compliance - Endorsement Topics

OCC Reg on Depositing Signed Over Check

03/23/2015

Under the OCC's regulations can you deposit a check into the customer's account if the check is written to a different person and he or she has signed it over to the person that has the account?

Time Limit for Returning Forged Checks

05/06/2013

My customer mailed a check to their employee. The employee had moved and someone else cashed the check. My customer gave their employee the money for the stolen check. My customer wants the bank to credit his account and return the check because of the forged endorsement on the back of the check. This took place over 4 weeks ago. It is my understanding the check can be returned up to 36 months later when dealing with forged endorsements of the payee. Is this correct?

Depositary Bank Disputed Forgery as Late Return

01/28/2013

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?

Forged Endorsement Claim w/o Benefit to Spouse

12/03/2012

We have been presented with a request to return funds for a forged endorsement on a check deposited here. The check in question is made payable to "wife," has a signature (which she claims is forged and that she did not receive any benefit from the check), then "husband" also endorsed and deposited a portion into their joint checking. He took cash for the rest. He has since closed the account. Would we be able to deny this claim since she did receive benefit from the check with the deposit to their joint checking? Or would we still have the liability since she claims it is not her signature?

Checks payable to bank for cash

08/06/2012

Are we liable if we cash a check from a customer made payable to our institution and it is returned for some reason? Do checks to be cashed need to be payable to cash or in the customers name?

Depositing Jointly Payable Check-Payee Signature?

03/05/2012

In the case of a jointly payable check being deposited to an account in the name of one of the payees, is the other payee required by law to sign or endorse for the Bank to accept the check?

Depositing Jointly Payable Check-Payee Signature?

03/05/2012

In the case of a jointly payable check being deposited to an account in the name of one of the payees, is the other payee required by law to sign or endorse for the Bank to accept the check?

Pages

Premium Content View All

Identifying Tax Refund Fraud

Staff on the front line and in the back room have received plenty of training on BSA compliance.

Regulation CC: Going Electronic

After merging check processing centers to a single location, the Federal Reserve has set about revising Regulation CC and the two primary mandates of the Expedited Funds Availability Act: speed the

Pages

Most Popular Compliance Content

Reg E Question About Credit Card Fraud

10/25/2020

When a cardholder has a fraud alert on their card and they tell the fraud center that the transactions are NOT fraud, the fraud center reopens the card. Now the customer has roughly 10 or more charges from the same company that she just said were not fraud. Now she is claiming that they are all fraud. (including the original charges) What do we do?

Chamber of Commerce Cash & Prize Giveaway

10/25/2020

Our Chamber of Commerce is hosting a cash & prize giveaway to encourage people to shop local during the holidays. As a member of the Chamber of Commerce, the bank has been asked to pass out tickets as entries to win. Each business has a limited number of tickets. Employees of the bank are not allowed to obtain any tickets from the bank, but can from other businesses participating. My question is, can we offer multiple tickets as incentives for our customers to use other services we offer? Examples would be: 1) A customer comes in to make a deposit= 1 ticket. If they sign up for online banking while here we will offer an additional ticket. 2) A non customer comes in to cash a check= 1 ticket. If they open an account with us we will offer additional tickets. 3) A customer asks about a home loan= 1 ticket. If they qualify, they can earn additional tickets. If they decide to finance with us more tickets.

Misleading Collection Scripts Cost Financial Institution $28.5 Million

10/18/2020

In its $28.5 million settlement with Navy Federal Credit Union (NFCU), the Consumer Financial Protection Bureau (CFPB) stated that NFCU's collection letters contained material misrepresentations – or unfair or deceptive abusive acts or practices – that were likely to mislead consumers; how did NFCU's templates violate UDAAP?

Add Bank Fees Paid in Cash to CTR?

10/18/2020

Should bank fees (Cashier Check purchase fee of $6.00) paid by the customer in cash, be added to their current CTR? If so, would the bank be the benefactor and the customer the transactor?

Pages

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics

Compliance Topics