Check Warranties and Indemnifications

Event ID:71784

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On-Demand (OD)     $299.00
Duration: Scheduled for 90 minutes, including question and answer period.
Presenter(s): Michael Jeffcoat, AAP, APRP, NCP, Director, Strategic Innovation, ePayResources
$299.00 On-Demand includes full audio presentation, question and answer session, and presentation slides.
Who Should Attend? ACH/branch operations personnel, operations officers/supervisors, check operations, compliance officers/personnel, risk and fraud personnel, internal auditors, training & development personnel, originators, third-party services providers, NCP candidates, any individual interested in learning more about check warranties and indemnifications.

Check Warranties & Indemnifications: Who takes the loss? Changes to Reg CC brought us new definitions, warranties, and indemnifications. The payee, the bank of first deposit, and the paying bank make warranties as part of the process of check clearing or return, respectively. This session discusses common scenarios and the applicable warranties or indemnifications that assign liability to the check system participants involved. While similarities between the check scenarios and your credit union's members are completely coincidental, the story-based discussion gives options for solutions that can be applied to your check exception resolution processes today.

Please join our expert Michael Jeffcoat, training specialist at ePayResources, as he guides you through Check Warranties and Indemnifications.


  • Difference between Presentment & Transfer Warranties
  • Return Check Warranties & handling Late Return Claims
  • Forged Indorsement & Alteration Warranties
  • Remotely Created Check (RCC) Warranties
  • Who makes and who gets each warranty
  • New Reg CC RDC Indemnification
  • Statute of limitations for Warranties


  • Sample Claim Letter for Altered Items
  • Questions about the Item


Your conference leader for "Check Warranties and Indemnifications” is Michael Jeffcoat, AAP, APRP, NCP, Director, Strategic Innovation, ePayResources. As a Director of Strategic Innovation at ePayResources, one of Michael’s primary responsibilities is to assist with the development and delivery of ePayResources professional development seminars, teleseminars, webinars, publications. He is an active staff member for the members-only Answerline™ where he assists members in resolving their payments related questions. Currently, Michael is a member of the ePayResources Rules Committee, the Regional Payments Association’s Risk and Compliance Committee, and the Electronic Check Clearing House Organization’s Fraud Subcommittee.

Michael attained his Accredited ACH Professional (AAP) designation in 2012; his National Check Professional (NCP) designation in 2014; and his Accredited Payments Risk Professional designation in 2018. QUALITY COMMITMENT

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BankersWEB certificates of participation are available to everyone completing this webinar.