Webinar – UCC 3&4: Time Frames, Legal Concerns & Member Issues
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When: 01/17/2013
2 p.m.-3:30 p.m.

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Articles 3 and 4 of the Uniform Commercial Code (UCC) and Federal Reserve Regulation CC govern checks, drafts and other negotiable instruments; the relationship between a financial institution and its accountholders; and financial institutions' role in the check clearing process. This session is designed to teach the laws and regulations that govern negotiable instruments in a down-to-earth fashion by taking complex laws and presenting them in simple terms. Topics to be covered include:

  • When is a check properly payable?
  • What is a "holder in due course” and why is it important?
  • What is the credit union's liability for paying a check over a stop payment?
  • Who is liable for a forged drawer's signature or forged endorsement on a check?
  • What obligation does a member have to examine their statements?
  • Which financial institution is liable for encoding errors on a check?
  • How long can holds be placed on checks?

Presenter: Paul Carrubba, Adams and Reese, LLP
Who should attend: Branch Managers, Call Center, Compliance Officers, Frontline, IT Staff, Tellers and CEOs

Time: 2 p.m.-3:30 p.m.
Cost: $209 for live webinar only; $229 for live webinar, plus a web link and free CD-ROM
Registration deadline: Monday, Jan. 14 


About Webinars

Pairing conferencing capabilities with web technology, this session brings informative, interactive training directly to you. During the webinar, you'll view a real-time PowerPoint presentation on your computer while listening to the audio connection via telephone.

While credit unions are encouraged to use the webinar to train multiple individuals at once, the credit union will be charged for each computer connection that uses its login code. Participants will receive login instructions and handout materials via email prior to the webinar. In addition, registrants may also receive an archive CD-ROM after the live session.

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034