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 seminar is for you.

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