ACH Specialist Series: How to Legally Recover NACHA Return Deadlines

ACH Specialist Series: How to Legally Recover
Unauthorized ACH Withdrawals After the
NACHA Return Deadlines
Tuesday, June 3, 2014, 1:00 – 2:30 p.m.
Did you know that the Originating Depository Financial Institution (ODFI) can still be liable for an unauthorized ACH withdrawal
long after the NACHA return deadlines? Although the Receiving Depository Financial Institution (RDFI) can’t recover funds through
the NACHA network via return entries after the return deadline, the RDFI can obtain reimbursement from the ODFI under a breachof-warranty theory through other legal methods. This webinar will explain the NACHA rules regarding the proper return of
unauthorized ACHs through the NACHA system, and how to legally recover unauthorized ACH withdrawals after the NACHA return
deadlines.
Highlights:
• Return deadlines for consumer and corporate accounts
• When a late claim can be submitted through the NACHA system
• Reg E and NACHA rules conflicts and how to handle them
• Bringing a breach of warranty claim against the ODFI
• Getting indemnity from the ODFI
•
TAKE-AWAY TOOLKIT
o NACHA Operating Rules and Bulletins relating to breach-of-warranty claims and
indemnification
o Employee training log
o Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session will be useful for all deposit personnel, including loan operations staff and
officers, tellers, service representatives, compliance officers, attorneys, and managers.
Convenient!
Listen to the
on-demand web
link on your
iPad
iPhone
Android
Instructions will be
emailed to you with
the on-demand link.
About the Presenter – Elizabeth Fast, JD, CPA, Bankers Choice
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions.
Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate
degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public
Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion
bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the
Missouri State Banking Board by appointment of the Governor.
Can’t attend the live webinar? The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals,
and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Within 5 business days following
the webinar, you will be provided with a web link that can be viewed anytime 24/7 for the next 6 months. This link will expire 6
months after the live program date. But there’s more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD
ROM.* The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the ondemand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.
*CD ROM is for Mac and PC use only
1
ACH Specialist Series: How to Legally Recover Unauthorized ACH
Withdrawals After the NACHA Return Deadlines
Tuesday, June 3, 2014, 1:00 – 2:30 p.m.
FEES ARE PER COURSE PER LOCATION
Check Your Training Option:
_____ Webinar Site License
IBC Education Program & CBN Participant $200
IBC Participant
$250
Non IBC Participant
$400
(audio will be over normal phone lines with visuals cast over the web)
_____ Special Price for Webinar License & On-Demand Web Link IBC Education Program & CBN Participant
IBC Participant
Non IBC Participant
_____ On-Demand Web Link
IBC Education Program &CBN Participant
IBC Participant
Non IBC Participant
$350
$400
$500
$300
$350
$425
Delivery of Materials
Your pin number, hook-up instructions and handouts can be e-mailed to you or sent U.S. Mail. If you would like them e-mailed you
will need Adobe Acrobat Reader available free at www.adobe.com.
Please check below the delivery option you prefer.
_____
Send E-Mail
My E-mail Address is: _____________________________________________
_____
Send US Mail
_____
Send by Fax
My Fax Number is: __________________________
Name
Title
Bank
Street Address
City/State/Zip
Phone/Fax
Email
Easy Ways to Register
Mail
IBC Education Foundation
1900 Grant Street, Suite 1120
Denver, CO 80203
Phone – 303-832-2000
Fax – 303-832-2040
E-Mail – jlusk@ibcbanks.org
$_____ Amount Enclosed
Thank you to our IBC Education Foundation
education program sponsor:
BANKERS’ BANK OF THE WEST
All education programs are developed through IBC Education Foundation, a 501(c)(3) nonprofit organization
2