top of page
Presents
BREAKING BARRIERS
2024 Conferences & Events
Holder in Due Course (HDIC) & The Remote Deposit Capture (RDC) Indemnity
Fri, May 19
|Webinar
Registration is closed
See other eventsTime & Location
May 19, 2023, 2:00 PM EDT
Webinar
About the event
Regulation CC’s RDC Indemnity addresses the risk of the paper check that was accepted for remote deposit entering the payment stream and assigns responsibility to the RDC Bank of First Deposit (BOFD). The depositor or BOFD who accepted a paper check may have HIDC rights in the event of a chargeback due to an RDC indemnity claim. This webinar reviews the terms of being an HIDC and discusses how that legal status has consequences when RDC indemnity claims are resolved. Community Bank Operations, Bookkeeping, Check Research, Compliance, and Risk Management Staff would benefit from the information presented.
bottom of page