Fri, Apr 15 | Zoom

Remotely Created Checks

Remotely Created Checks

Time & Location

Apr 15, 2022, 2:00 PM – 3:00 PM EDT

About the event

What do you do when a customer reports an unauthorized remotely created check paid their account? Who is liable? What recourse does the Paying Bank have? This session will discuss the Remotely Created Check as defined in Regulation CC and the warranty a presenting bank makes that a Remotely Created Check is authorized by your account holder.