Legal Liabilities when Check Fraud Occurs
Thursday, September 12, 2019
10:00 am – 12:00 pm CT
Recommended for 2.5 CE Credits
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
Who Should Attend:
Tellers, Teller Supervisors, Member Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators and Fraud Examiners.
“Speaker is riveting, [knowledgeable], and speaks in terms laypersons can understand. She knows her topic very well and has offered practical information that we can actually use.” -Rebecca A., Collegiate Peaks Bank
“This is the second webinar I have taken with Terri. It has been a great learn[ing] experience.” -Joe M., Gold Coast Bank
“Class was informative. Presenter was patient and answered everyone’s question. It truly exceeded my expectations. I highly recommend it!” – Eric Ng, A.V.P., Assistant General Counsel, Apple Bank for Savings
Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with “Bankers Choice,” a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.
Currently, she serves as an adjunct instructor at Washburn University School of Law. She has previously been an adjunct instructor at the University of Kansas School of Law, and is a frequent presenter for banking schools and financial associations.