Posted By: Trigger Mike
Customer liability on stolen checks - 10/22/02 04:51 PM
We had a customer call and express concern about opening a checking account because she said that she heard about a recently passed California law which states that customers can be liable for something like 20-30% of the amount in the event of a lost/stolen situation. Any guidance on what I can tell her as far as the law/regulations are concerned, and how much she could be liable for?