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AIB - LAW AND BANKING: APPLICATIONS
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:
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Discuss the role of federal and state agencies in
the regulation of banking and explain the basic legal relationship
between banks and their customers
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List the essential elements of negotiable
instruments and explain UCC considerations for negotiability
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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
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Explain the UCC requirements for an item to be
properly payable and list the liability and damages banks face for
wrongful payment or dishonor
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Describe a bank's defenses against liability for
forged signature and forged endorsement claims under various
circumstances
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List the parties to a letter of credit and review
their obligations and liabilities
Textbook:
Law and Banking,
5th Edition, 2005. The same textbook is used for
Law and Banking: Principles.
Credit:
AIB: 3.0; ICB: 38.5 CCTS, CLBB or CRCM;
ACE: 3.0 Delivery Method:
For further information, call NYBA
Education at (212) 297-1679. |
