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#247472 - 09/21/04 09:50 PM Signature cards and refer to maker
Platform Queen Offline
Member
Joined: Mar 2003
Posts: 61
Ormond Beach, Florida
We have a customer that does not sign checks in her legal name. She prefers to sign with her first initial and last name. When her signature card was printed it was done in her legal name and she signed first initial and last name. Is this a good practice? I have been told that she is required to sign in her legal name and the aka.

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Operations Compliance
#247473 - 09/22/04 12:47 AM Re: Signature cards and refer to maker
Banker Boy Offline
Member
Banker Boy
Joined: Oct 2003
Posts: 69
Florida
What would you do if the person's signature was very sloppy and you were unable to make out their name from their signature? Happens quite often.

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#247474 - 09/22/04 02:19 PM Re: Signature cards and refer to maker
Platform Queen Offline
Member
Joined: Mar 2003
Posts: 61
Ormond Beach, Florida
This is my situation. When the account was opened the signature card was printed in her legal name. She signed it with a first initial and her last name. My compliance officer insists that she must sign the signature card in her legal name and the customer is refusing to do so. She wants the first initial and last name to remain on record.

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#247475 - 09/22/04 06:15 PM Re: Signature cards and refer to maker
Wore Out Offline
Platinum Poster
Wore Out
Joined: Dec 2003
Posts: 543
Kentucky
Article 3 of the UCC says that "signed" can be a mark, thumprint, printed letters, typed, or stamped. It may be wise to have her sign the signature card both ways in case fraud rears it's ugly head.
_________________________
Not even close to being legal advice....I have a bridge for sale too!

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