Legal Liabilities when Check Fraud Occurs
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.
This session will focus on the best practices that can be employed by banks rather than looking at any particular state’s laws.
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
Who Should Attend?
Tellers, Teller Supervisors, Customer Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators, Fraud Examiners, and Bank Attorneys.
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.
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. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.
Live Plus Five (days) – $265
OnDemand Recording – $295
CD-ROM – $345
Live Plus Six (months) – $365
Premier Package – $395