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

On Demand Course

Instructor: William Pat Huttenbach

Duration: 1 HR

What You'll Learn

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

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Accreditations

Nacha (National Automated Clearing House Association) -AAP/APRP

Nacha has approved this course as eligible for AAP or APRP Renewal Credit(s).

Requesting CE:
Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.

NCP (National Check Professional)

This course has been approved for Continuing Education (CE) credit(s) applicable toward the maintenance of your National Check Professional (NCP) certification through The Clearing House.

Requesting CE:
Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.

About the Author:

William Pat Huttenbach

William ("Pat") Huttenbach is a litigation attorney concentrating on civil maters at Crain, Caton & James, P.C. He has been asked to be an expert witness on issues concerning UCC sections 3, 4, and 4A. He has answered over 210 lawsuits involving UCC sections 3, 4, and/or 4A issue. He has also personally answered over 2,000 garnishment lawsuits. Pat has many training sessions for banks to try and protect. banks from fraud losses. Pat has written numerous articles on banking topics and has given speeches to the banking industry on how to better protect banks in litigation through updated deposit agreements. Pat also routinely handles many other types of lawsuits against banks including lender liability claims, FCRA claims, FDCPA claims, Texas Financial Code claims, tortious interference claims, insurance claim litigation, fidelity and surety insurance coverage, DTPA claims, injunctions, employment law, landlord-tenant disputes, probate matters, property disputes, real estate tax litigation, breach of contract, business torts, construction law disputes, defamation, libel and slander, and other general business matters.

On-Demand Course