> Webinar: UCC 3 & 4 on Negotiable Instruments: Time Frames, Legal Concerns & Member Issues

Thursday, January 17, 2013
3:00 PM Eastern Daylight Time
4:30 PM


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
  • The relationship between financial institutions participating in the check clearing process

Do you understand these laws and how they dictate the credit union’s daily transactions? This session is designed to teach the laws and regulations that govern negotiable instruments in a down-to-earth fashion by taking very complex laws and presenting them in simple terms.


  • When is a check properly payable?
  • When is an endorsement required? What is a proper endorsement?
  • 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?
  • May a financial institution pay checks and other debits in any order they select?
  • Who is liable for a forged drawer’s signature on a check?
  • Who is liable for a forged endorsement on a check?
  • What responsibility does an employer have for endorsements forged by an employee?
  • When is a check return timely?
  • What obligation does a member have to examine their statements?
  • Which financial institution is liable for encoding errors on a check?
  • How long may holds be placed on checks?

This informative session will be beneficial for tellers, attorneys, back office personnel, call center staff, branch administration, branch managers, new account representatives, and the fraud/security departments.

ABOUT THE PRESENTER – Paul Carrubba, JD, Adams and Reese, LLP
Paul Carrubba is a partner in the law firm of Adams and Reese LLP. His primary focus is on payment system laws/regulations and operations issues. A frequent speaker at industry events, vendor conferences, and webinars, Paul serves as a litigation consultant and expert witness on banking procedures.

Paul started his banking career at Deposit Guaranty National Bank in Jackson, MS, where he worked for 20+ years. During that time, he was senior VP and operations manager, served as Southern Financial Exchange board chairman, was a member NACHA’s executive committee and board, as well as other executive positions. Paul has authored five books including: Revised UCC Article 3 and 4; A Banker’s Guide to Checks; Principles of Banking; and Remote Deposit Capture Practical Considerations.

PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone.  If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.


The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.

Can't attend the live webinar?  The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts. We even provide the presenter's email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date.  But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this "off-the-shelf" training program for those that could not attend the live seminar and for future training.

*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.

NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.

$199.00 Webinar per connection
$199.00 Archived On-Demand Web Link & Free CD ROM
$249.00 Both Live Webinar & Archived On-Demand Web Link & Free CD ROM

TIME: 3:00 p.m. - 4:30 p.m.

To register and pay by check, email mzelinsky@njcul.org and your credit union will be invoiced. To register and pay online, click here.