UCC and Reg CC Warranties & Indemnities

This session addresses the UCC presentment warranties, and the warranties and indemnities made in Regulation CC by presenting banks to the paying bank in the exchange of check images. This session also reviews the legal framework governing check, and discusses the warranties, return requirements, and the obligations of each party in the exchange of check and check images. Community Bank Operations, Bookkeeping, Check Research, Compliance, and Risk Management Staff would benefit from the information presented.