Checks & Holds for Tellers: Part 2

This tele-web seminar will begin on Tuesday, February 21, 2012 at 11:30 AM to 1:30 PM Pacific Time.

One of your institution's primary defenses against check fraud is its funds availability policy; i.e. the holds you place on deposited items. This seminar focuses on Regulation CC, the federal regulation that addresses funds availability requirements. It covers situations that bank's face each day and reflects the changes made through the recent consolidation of the check processing regions. The program focuses on the distribution of required disclosures, calculation of hold periods and the completion of hold notices. This webinar can pay for itself the next day by avoiding a loss on a bad check or regulatory criticisms for illegal holds. Regulation CC is one of the few federal regulations incorporating a specific training requirement - the absence of training can be cited as a separate violation.

How to Prepare: Review the Regulation CC or funds availability disclosure used by their institution before participating in this program.

Highlights

• How holds do, and do not, protect the institution
• Reviewing the initial disclosure
• Next day availability items
• Case by case holds
• Exception holds
• Timing and content of hold notices. 

Audience

Tellers, teller supervisors and new accounts personnel.

Speaker

Ken Golliher is a principal with Pegasus Educational Services, LLC. He is an experienced banker with a unique ability to reduce complex legal concepts to plain English. Prior to becoming a full-time trainer, Ken was a community banker and General Counsel for a regional consulting firm for financial institutions. He has served on Compliance Schools sponsored by the OTS and the FDIC, and he has presented banking schools and seminars in over 25 states.

Credit Information

2.0 total credits

Pricing

Member price: $250.00 | Non member price $500.00