BankNewswatch

Legal Liabilities When Check Fraud Occurs

Thursday, November 19th, 2020 10:00 am - 12:00 pm CT

A BankWebinars.com Program

Click Here to register for live program $265

Click Here to register for live program and recording $395*

Check fraud losses are estimated to exceed $18 billion each year. A recent nationwide counterfeit check operation is projected to have caused over $9 million in losses. With more and more counterfeit checks flooding financial institutions, this number is sure to increase.

Unfortunately, most financial institutions don't understand their legal rights and responsibilities for dealing with check fraud when losses occur. If you're confused about what your financial institution's legal responsibility might be in various check fraud situations, this seminar is for you.

What You Will Learn

  • Tips for spotting counterfeit, forged and altered checks
  • Procedures that can be used to reduce your bank's exposure to check fraud losses
  • A plain English explanation of your bank's legal responsibility for counterfeit, forged and altered checks under the Uniform Commercial Code, Regulation CC, and other federal regulations
  • Factors used to determine whether a check fraud victim has the legal right to expect reimbursement for a loss

Faculty

Terri D. Thomas

Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.

Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.



 

* Registration Plus Recording: Includes the live session (one connection, unlimited attendees), CD ROM, (shipped 7-10 business days after live session), unlimited access to OnDemand Playback and links to presenter materials and supplementary handouts for 6 months after live session.