Description

This course covers Regulation CC Subpart C, which sets forth rules concerning the following aspects of check collection and return:;

Expeditious return of checks

Responsibilities of depositary banks, paying banks, and returning banks

Paying bank notification of nonpayment of large-dollar returns

Check indorsement standards

Other matters related to the check collection system;

What You’ll Learn
After completing this course, students will be able to:

Describe Explain the various responsibilities of banks in the check collection chain for returning checks, including the requirement to return checks in an expeditious manner

Describe the warranties, indemnities and potential liabilities for various banks in the check collection process, including when a bank customer deposits a paper check after having deposited it using remote deposit capture (e.g. by mobile phone)

Describe the Regulation CC endorsement requirements

Additional information

Audience	Tellers, new account representatives, branch managers, and any staff members who work with checks and new accounts.
Credits	1.0 CAFP, CFSSP, CRCM
Member Price	95.00
Non-Member Price	130.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online