- This topic has 1 reply, 1 voice, and was last updated 9 years, 5 months ago by
.
-
Posts
-
This question was originally posted in our Compliance Master Group forum by ScottH.
Would an escrow disbursement check be considered a cashier’s check since a bank officer signs it? If a check was lost in the mail can we issue another one without a Affadavit of Lost Cashier’s Check being completed?
I believe an escrow check would fit the definition of a cashier’s check. I recommend following your normal procedures for a lost cashier’s check. You can find the requirements in UCC 3-312.
Jack’s Compliance Resource offers many products including policy and procedure updates, Director/Senior Manager Updates, Training Manuals, Flowcharts, Checklists and more. To access Jack’s Compliance Resource products visit our marketplace by clicking here:
Jack’s Compliance Resource Marketplace
- You must be logged in to reply to this topic.