Check Holds

Terri D. Thomas


Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.
Wednesday, August 20th, 2008
10:00 am - 12:00 pm CT
Has your financial institution taken losses due to counterfeit checks, check kiting or other check frauds? Did losses occur because your staff did now know how to properly apply holds on customer deposits? In banking today, with the multitude of regulations and laws requiring compliance on a daily basis, the Expedited Funds Availability Act (Regulation CC) is one of the most misunderstood regulations that can impact both the retail and commercial sides of a financial institution. A financial institution risks significant financial liability for improperly placing holds on deposits. On the other hand, if used properly, Regulation CC is one of the financial institution’s best protections from check fraud losses.

Covered topics include:

  • What every banker needs to know about the workings of Regulation CC and placing holds on deposits
  • The most common errors financial institutions make when making the decision to place a hold on a deposit
  • The methods of maximizing Regulation CC’s benefits so that your financial institution can get the most from it, especially when trying to protect the institution from losses due to check fraud
  • Participants will be given an opportunity to work with real-life scenarios to see how the regulation is supposed to be applied

Plus frequent question and answer sessions throughout this presentation.

Who Should Attend?

This session would be useful for all tellers, head tellers, cashiers and anyone who works the front-line and handles checks.
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