Check Rules & Regulations (Two-Part Series)
Includes a Live Event on 03/30/2021 at 10:00 AM (PDT)
The most confusing thing about check processing is that there are so many areas of governance. Uniform Commercial Code (UCC) sections 3 & 4 and Regulation CC play significant parts in your check operations. In part one of this two-part series, we will review of the check payment system’s regulatory foundation, focusing on UCC. In part two of the program we will look at the regulatory foundation with a discussion of Regulation CC, part of the Code of Federal Regulations (CFR). Scenarios will be used to illustrate key warranties and how breach of warranty situations may be handled.