Check Returns: Past the Point of Redemption

Stop! You can’t return that! Though sometimes abused, checks have a limited return timeframe. There is not an extended return window for fraudulent checks or other exception items. So, what do you do if a check is past the point of return?  Join us to learn how to handle exception items after the return window has passed. This webinar will define the timeframe for returns and certain adjustment types. It will also look at how the Uniform Commercial Code (UCC) warranties come into play, including the warranties that a depository financial institution makes to a paying financial institution and how the breach-of-warranty process works. It will also work through fraudulent check scenarios to determine if a check can be returned or adjusted, or if a breach-of-warranty claim can be filed.