Legal Liabilities when Check Fraud Occurs
Check fraud losses are estimated to be in excess of $18 billion each year. In fact, a recent nation-wide counterfeit check operation is estimated 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 do not understand their legal rights and responsibilities for dealing with check fraud when losses occur. If you are confused about what your financial institution’s legal responsibility might be in various check fraud situations, this seminar is for you.
- Tips for spotting counterfeit, forged and altered checks;
- Procedures that can be utilized to reduce the bank’s exposure to check fraud losses;
- A plain English explanation of the 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.
Tellers, Teller Supervisors, Member Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators and Fraud Examiners.
Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with “Bankers Choice,” a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three 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. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.
Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CFSSP & CRCM Credits
Live Webinar which includes 7 Day On-Demand - $265
Six Month On-Demand – $295
Live plus Six Month On-Demand – $365
CD-ROM (Includes Six Month On-Demand) – $325
Premier (Includes all options) – $395
Additional Locations – $75
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