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The Ins and Outs of Checks - Part 1: Warranties

Description

Event Details*
Tuesday, September 16, 2025
2:00 - 3:30 pm ET
Webinar; 1.8 NCP CEU Eligible
Level: Intermediate

Event Registration**
Member Price: $200
Non-Member Price: $350
**With the $200 registration, members can register an unlimited number of participants from their organization. All participants must be registered simultaneously. To access this pricing, log in as a member and choose ‘Manage Group Registration for Company.’


NEACH is excited to offer a three-part series that dives into the ins and outs of checks. In this session, Part 1 of the series, we explore the check warranties outlined in the Uniform Commercial Code and Regulation CC. While the use of checks has dwindled over the past several years, check fraud continues to increase. Understanding the warranties and responsibilities of the parties involved in the check deposit and collection process is key to correctly handling check claims. What are your rights and responsibilities when one of your account holders reports a fraudulent check posted to their account? Or when another financial institution sends a breach of warranty letter? Understanding the warranties associated with check acceptance and check payment is vital to recognizing how to manage and mitigate the risks associated with checks and understanding which party bears the responsibility for taking the loss when it comes to check claims. In this session, we explore this topic in detail discussing the warranties of the parties involved in the check deposit and collection process. We will also use case studies to apply what we learn to real-life situations that institutions are likely to experience. Come join us as we dive into the ins and outs of checks the return and adjustment process part one of our three-part series.


At the end of this session, learners will be able to:
• Identify the check warranties outlined in the Uniform Commercial Code and Regulation CC
• Examine the implications of check warranties on their financial institution as a paying bank and as a depositary bank
• Apply an understanding of check warranties to real-life situations


Speaker:
• Mary Mumper-Morrison, AAP, APRP, CAMS, Director, Education, NEACH


Audience:
• Anyone involved in check processing/RDC
• Financial Institutions
• NCPs
• Operations
• Payments Rules and Regulations


You might also like:
• The Ins and Outs of Checks - Part 2: Returns and Adjustments



*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.

**With the $200 registration, members can register an unlimited number of participants from their organization. All participants must be registered simultaneously. To access this pricing, log in as a member and choose ‘Manage Group Registration for Company.’


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