Do you know check? This session reviews the components of a check, how a check is paid, and the risks a bank takes when processing and paying checks. An excellent training resource for tellers, bankers and all frontline staff.
Where does it say . . .? What rules and regulations govern what? Check law and regulation is not found in one place. Learn where to find warranties and indemnities, and what your FI’s obligations are when processing checks.
Learn the definitions, warranties and other obligations of paying and depositary banks as contained in UCC. Operations, compliance staff and frontline staff will benefit from understanding the fundamentals of UCC 3 & 4.
What do you do when your customer reports a forged or counterfeit check has paid? Who is liable? Is there recourse for the Paying Bank when an unauthorized check has paid and it’s too late to return it?
What do you do when a Cashier’s check issued by your FI is reported lost, stolen or destroyed? Learn the definitions and obligations of issuing and paying Cashier’s checks as defined in Regulation CC and UCC.
Basic training for front line staff on the how-to’s of check scanning. This session will cover the BOFD warranties, how to mitigate the risk of warranty breach, and the whys of check scanning controls.
What do you do when you are an RDC depositary bank and you receive and indemnity claim? What do you do when you are a depositary bank of a paper check and you get it returned as PAID or duplicate and you suffer a loss?
Learn the Presentment Guarantees outlined in CFR 31 §240.4 that are made to the US Treasury when presenting US Treasury Checks. This session will help you understand your obligations, risks & risk mitigation for handling US Treasury Checks.
What do you do when a warranty that was made to you was breached by the warrantor? This session addresses the legal framework governing check, the warranties made by exchange parties, and how to resolve warranty breach claims.
Check Payments and Check Processing Regulations – Uniform Commercial Code (UCC) Regulations – Regulation CC – Part I Regulations – Regulation CC – Part II Standards and Formats Image Exchange Rules and Agreements: ECCHO Rules Image Exchange Rules and Agreements: Fed OC3
Image Exchange: Processes Exceptions – Returns and Adjustments Check Products Fraud, Risk and Risk Mitigation Session Quizzes (11) Exam Training Reviews (recommended)
Other products offered by NCP Educational Partners that are intended to provide general check payments information and that may supplement NCP Exam preparation training.