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How Long to Sign Forms for Fraudulent Checks

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Question: 
We have a customer that we suspect may have several fraudulent checks written against her account. How long does she have if they are fraudulent, to sign the forms that they are fraud?
Answer: 

Under UCC 4-406 in most states, it's one year from delivery of the statement reflecting the payment of a fraudulent or unauthorized check. Some states (notably Florida and Georgia) shorten that period considerably, so check your state's UCC wording.

Your deposit agreement/contract may also make the reporting "window" smaller than whatever your state's UCC provides for.

First published on 10/13/2019

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