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.
WHAT YOU'LL LEARN
TAKE-A-WAY
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Michael Jeffcoat
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.
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.
Certificates of Attendance: BankersWeb certificates of attendance are available to all registered participants completing this webinar.
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Services)
