10/01/2002
Question: I heard you say during a training session that "...you cannot stop payment on a cashier's check." We stop payment on our official checks all the time, for many reasons.
09/01/2002
Question: How do we put a stop payment on a cashier's check drawn on our bank?
05/01/2002
Question: I've been trying to wade through UCC, Reg J, and Reg CC and I have a question: How late can the late return be?
04/01/2002
Question: We've gotten a letter from one of our customers because a utility company used her account number to pay someone else's bill on a direct charge that came in to us throu
02/11/2002
If I have a matured line of credit secured by a UCC filing on inventory and accounts receivable and my customer files bankruptcy, assuming my collateral is now under the jurisdiction of the court, is my collateral protected? If not, is there anything I can do to protect it?
01/07/2002
We are facing a potential loss because of a bookkeeper stealing checks from their employer and forging our customer's signature. Our customer's attorney alleges that we were at fault for not spotting the signature variations on checks over $2,500 (the bank's policy) that were reviewed by us. The alleged fraud dates back to March 2000. My question is: Is there a standard threshold amount that most banks use when reviewing incoming/inclearing on-us checks? Is $2500 a reasonable threshold? What process is used to determine that a signature is irregular? Is the customer contacted? Does the branch get involved?
11/01/2001
Question: A bank can't help a customer who won't help himself.
10/01/2001
After reading the question on forgery returns answered by Mary Beth Guard, it appears that this deals with forged maker's signature. Is this the same with counterfeit checks? I assume the liability on counterfeits also resides onthe drawer bank. However, in the case of forged endorsements, which are also being sent as without entry items (collections), it seems a little more complicated. Could you expand some to address these other issues?
09/01/2001
08/06/2001
What is your take on disclosing the SSN on UCC documents? Are ther any Privacy issues that arise there?