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Upcoming League Events

 

Webinar: How to Legally Recover Unauthorized ACH Withdrawals After the NACHA return Deadlines

 

 

Wednesday, June 4, 2014

2:00 - 3:30 pm CST

 

Speaker: Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP

 

About the Program

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 breach-ofwarranty 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


Related Files
Printable Brochure (Adobe PDF File)

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