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AIB LAW AND BANKING: APPLICATIONS 

Delivery Methods: 
Instructor-led online course - AIB Online  
Length: 16 weeks; $455 members; $560 non-members with textbook
$355 members; $445 non-members without textbook
Course Start Dates     Enroll Online       Print Registration Form

Self-Study - AIB Self-Study
$295 members; $375 non-members (text must be purchased separately)

Classroom Training - Textbooks
Purchase textbooks for in-bank or classroom training.  Call 212-297-1679 to discuss earning AIB credit for in-bank courses.

Course Description:  This course is devoted to the laws and regulations that govern funds transactions, whether by check, EFT, wire transfers, or letters of credit.  In addition focus is placed on issues of liability, wrongful payment and dishonor, electronic banking, deposit accounts, mutual funds and annuities.

Audience:  Entry-level and officer-level personnel who are new to banking or require a refresher course on the legal basis for many banking services and transactions.

Learning Objectives:  After successfully completing this program, participants will be able to:

• Discuss the role of federal and state agencies in the regulation of banking and explain the basic legal relationship between banks and their customers

• List the essential elements of negotiable instruments and explain UCC considerations for negotiability

• Describe the rights of a holder in due course and explain how the law governing negotiable instruments protects the free circulation of the instruments in the marketplace

• Explain the UCC requirements for an item to be properly payable and list the liability and damages banks face for wrongful payment or dishonor

• Describe a bank's defenses against liability for forged signature and forged endorsement claims under various circumstances

• List the parties to a letter of credit and review their obligations and liabilities

Textbook:  Law and Banking, 6th Edition, 2008.  The same textbook is used for Law and Banking: Principles.

Credit:  AIB: 3.0; ICB: 38.5 CCTS, CLBB or CRCM

ACE College Credit Recommendation:  In the upper division baccalaureate degree category, 3 semester hours in Economics or Social Science elective.

Questions: Call NYBA Professional Development at (212) 297-1679 or elegg@nyba.com.