Okay, our customer comes in and wants to deposit a check made out to an attorney. The attorney has endorsed the check over to our customer and included the words "without recourse." Below that, the customer endorsed the check.
The teller wants to place a Reg CC Reasonable Cause to Doubt Collectibility with the reason being "Other: Restricted Endorsement - Third Party Check."
I can't find this situation addressed per se in the Reg.
I appreciate your thoughts and help.