Endorsements: A to Z
Learn the safe way to handle checks and ensure that your financial institution is protected from loss.
This session provides a thorough understanding of the legal issues of endorsements, including the simplest rule about checks that will save your institution thousands.
Having an understanding of endorsements and handling checks is crucial to making sound check cashing decisions. A check is a unique type of contract where ownership can be transferred by way of the endorsement on the back of the item. This program will look at who has the right to endorse the back of the check and proper endorsement placement. We will also look at what happens if a check is not endorsed properly, when it may be best not to accept the check, why we do not put business checks into personal accounts and why we do not give less cash on business accounts.
Many “tricky” issues will be discussed, such as deceased customers, business accounts, endorsements for minors, income tax check endorsements, trustee endorsements and endorsements by powers of attorney. Learn the safe way to handle checks and ensure that you and your financial institution are protected from loss on negotiable instruments. You will not want to miss this webinar! The information provided will produce confidence and a thorough understanding of the legal issues of endorsements.
- Who is the person entitled to endorse the check?
- What is a valid endorsement?
- Bearer verses order checks
- Who is the holder of a check, and what is the holder in due course?
- Ambiguous endorsements
- Endorsements for minors, deceased parties, business accounts
- Witnessed endorsements
- Check cashing issues for business accounts
- Endorsements on income tax checks
- Trustee and power of attorney endorsements
- The simplest rule about checks that will save your financial institutions thousands of dollars!
- The connections between checks and account agreements if you have not signed the signature card you cannot get the money
- Postdated, stale dated, erasures, alterations and more lessons we need to learn
- Why your institution needs to know about the negligence rule and the bank statements rule
- Should we check endorsements and sent them back as “missing”?
- Treasury checks, postal money orders and other special checks
- Why we absolutely do not give cash back or deposit into personal accounts checks made payable to a business.
Tellers, head tellers, cashiers, managers, branch operations, bookkeeping, compliance officers who approve checks and deposit representative who work with checks and accounts.
Deborah Crawford is the President of Gettechnical Inc, a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 27+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations and IRAs.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $560.00
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