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Uniform Commercial Code (UCC) Obligations for Check Forgeries, Alterations and Counterfeit Checks and Recovery for Check Fraud (4/22/25)

Uniform Commercial Code (UCC) Obligations for Check Forgeries, Alterations and Counterfeit Checks and Recovery for Check Fraud (4/22/25)

Library:

This presentation will outline the UCC and discuss the legal obligations for different types of check fraud including altered, forged and counterfeit check fraud.

 Learning Objectives

After attending this presentation, participants will be able to:

  • Define Uniform Commercial Code
  • Review your financial institution’s responsibilities
  • Discuss terms and conditions regarding your customers responsibilities  
  • Identify how your institution can recover from fraud

Instructor:

William Pat Huttenbach

Credit Hours:

1.2 CPE

Date and Time: Apr 22, 2025, 12:00 pm EST

Duration:

1 HR

Standard Price:
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Articles 3 and 4 of the Uniform Commercial Code (the UCC or the “Code”) outline specific responsibilities for customers and financial institutions when a third-party “fraudster” intercepts the check clearing process or manufactures one on behalf of the customer.  This presentation will outline the UCC and discuss the legal obligations for different types of check fraud including altered, forged and counterfeit check fraud.  This course  will also focus on how financial institutions can recoup from check fraud.

 

Topics covered in this session

  • Defining Uniform Commercial Code
  • Financial institution’s responsibilities as the Bank of First Deposit and Payor Bank
  • Terms and Conditions regarding a financial institution's customer responsibilities
  • How can a financial institution can recover from check fraud

Who Should Attend:

  • Credit analysts and underwriters
  • Commercial lenders
  • Business bankers
  • Credit approvers
  • Credit managers
  • Commercial banking managers
  • Loan review officers
  • Loan workout officers
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