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Liability for Cashing Forged On-Us Check

Answered by: 

Question: 
Is the bank liable for cashing an on-us check that was forged by the daughter of our customer? There was no stop-payment placed on the check.
Answer: 

Yes, but you have recourse against the daughter if you have adequate evidence that she was the perp.

First published on 12/02/2018

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Filed under compliance as: 

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