Check Returns: Past the Point of Redemption

The return window closes. What options remain? When a check is past the point of return, incorrect action creates financial and legal risk. This session will explore what options remain when time has expired. Participants will learn return timeframes, common adjustment types, and how Uniform Commercial Code warranties apply. Join us to analyze various realistic fraudulent check scenarios to determine whether a check qualifies for return, adjustment, or a breach of warranty claim.

KEY WEBINAR TAKEAWAYS

• Time frames for returns, adjustments, and breach of warranty check claims
• Warranties that a depositary institution makes to a paying institution
• Determining the appropriate action to take when a check is past the point of return

BONUS MATERIALS

• Check return code list
• Check exception guide

WEBINAR DETAILS

Checks have a limited time frame to return and there is no extended return window for fraudulent checks or other exception items. So, what do you do if a check is past the point of return? Join us to find out how to handle exception items after the return window has passed. During this webinar, we will define the time frame for returns and certain adjustment types. We’ll also look at how the Uniform Commercial Code (UCC) warranties come into play including the warranties that a Depositary Financial Institution makes to a Paying Financial Institution and how the breach of warranty process works. Together, we will work through fraudulent check scenarios to determine if a check can be returned or adjusted, or if a breach of warranty claim can be filed.