Events Calendar

Check Warranties & Indemnifications

4/11/2019 2:00 PM - 4/11/2019 3:00 PM Central Time (CST) | Click for Webinar

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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 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.