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#294143 - 12/28/04 06:57 PM Forged Endorsement on Treasury Check
LSmith Offline
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LSmith
Joined: Dec 2002
Posts: 703
Is there a different time schedule for return of forged US Treasury check or even State of Mississippi checks than the 24 hour under Article 4?

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#294144 - 12/28/04 08:01 PM Re: Forged Endorsement on Treasury Check
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,412
Cape Cod
I cannot speak to Mississippi checks. My understanding is that they have to adhere to the UCC, unless there is an agreement between the parties to the contrary. The timing constraints will depend upon what is forged -- the signature or an endorsement.

U.S. Treasury checks are subject to much longer return schedules. In general, a bank could be hit with a claim as long as 18 months after the issue date. For details, look at 31 CFR Part 240, particularly at 240.8.
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#294145 - 12/28/04 11:39 PM Re: Forged Endorsement on Treasury Check
LSmith Offline
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LSmith
Joined: Dec 2002
Posts: 703
Thanks. I was looking for the "sites".

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