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
Accreditations
Nacha (National Automated Clearing House Association) -AAP/APRP
Nacha has approved this program 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.
ABA (American Bankers Association)
ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Uniform Commercial Code (UCC) Obligations for Check Forgeries, Alterations and Counterfeit Checks and Recovery for Check Fraud program has been approved for the credits listed on the right of this page. This statement is not an endorsement of this program or its sponsor. Certified professionals will report these credits at aba.csod.com.
Requesting CE:Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.
Requesting CE:Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.
About the Author:
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.
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