Deposit Account Series:
UCC 3 & 4 Check Issues: Stop Payments,
Postdated, Stale-Dated & Endorsements
(90-minute webinar – recording also available)
Tuesday, January 28, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
Check handling issues and stop payments still arise daily and can often confuse both accountholders and staff.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Determine how checks are to be endorsed and by whom
- Explain why an accountholder can’t place a stop payment on a cashier’s or teller’s check
- Identify issues associated with accepting or paying postdated and stale-dated checks
- Decide who can place a stop payment on a check
- Differentiate between the rules for check stop payments versus electronic funds transfers
An accountholder cannot possibly understand why a check was paid before the date on the face of the check. A payee is at your teller window with a check that is more than six months old. Is it still valid? John has a check in his hands payable to ACME Widgets and wants to deposit it into his personal account. And what about a check made payable to a deceased payee?
Check handling issues arise daily and are often a source of confusion for both accountholders and staff. The Uniform Commercial Code (UCC) articulates the rights and liabilities of each party to a transaction. Each state has adopted these laws in substantially similar form to provide guidance to financial institutions. This program will explain the most common (and not so common) issues and outline the rights and responsibilities of each party to a check. Join us to learn how to handle checks correctly and with confidence.
WHO SHOULD ATTEND?
This informative session is designed for tellers, financial services representatives, call center staff, back office staff handing check returns, compliance personnel, and auditors.
- Check endorsement spreadsheet
- Cheat sheet with rules for stop payments, stale-dated, and postdated checks
- Employee training log
- Interactive quiz
MEET THE PRESENTER
Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.
Involved with financial institutions since 1989, Mary-Lou has over 20 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
Please note: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
THREE REGISTRATION OPTIONS
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
- LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE