Recording Date(s): February 2025

Cost in Education Club tokens: 4 tokens

Speaker(s): NCP Exam Prep Series Trainers (Various Payment Associations)

Length: 90 minutes

Part 1 Description: This session explores Regulation CC, where we will provide a comprehensive overview of its key provisions and requirements. This session will begin with a review of Subpart A, covering essential definitions, indorsement requirements, and forward collection obligations. We will then explore Subpart B, which outlines funds availability schedules, circumstances in which financial institutions may delay funds availability, and the necessary disclosure requirements to ensure compliance. Finally, we will examine Subpart D, focusing on substitute check warranties, the Check 21 Act, and related disclosure obligations.

Part 2 Description: This session explores Regulation CC, focusing on Subpart C’s collection and return requirements. This session will cover key aspects such as expeditious return obligations, the responsibilities of the bank of first deposit when handling returned checks, and important warranties and indemnities, including Remote Deposit Capture (RDC) Indemnity and Electronically Created Item (ECI) Indemnity. We will also examine the Presumption of Alteration rule and its impact on dispute resolution, along with a review of Regulation CC’s statute of limitations.
 
Important Note: This content is part of the 2025 National Check Professional (NCP) Exam Prep Series and may therefore include references to other webinars in the series, as well as study resources provided by ECCHO for those enrolled in the NCP Exam.

Continuing Education Credits: 1.8 AAP/APRP/NCP CECs each (3.6 CECs total)

Additional Information:

• ​Upon completion of the purchase, the purchaser will be immediately prompted to download a PDF or zip file.  Each PDF will contain a link to view the purchased webinar(s).  Access to the recorded webinar(s) is limited to 60 days following the purchase.
• UMACHA is required to collect Sales & Use tax, in addition to Municipal tax (city tax), on the services that are provided in the state of South Dakota, and recorded webinars in the state of Minnesota.