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 webinar is for you.

Covered Topics

  • Tips for spotting counterfeit, forged and altered checks
  • Procedures that can be used to reduce your credit union's exposure to check fraud losses
  • A plain English explanation of your credit union'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 Attorneys.