The drawee or payor bank has similar liability to the drawer when it pays a check bearing a forged endorsement or a check bearing a forged drawer’s signature.
Regarding the liability of drawer - if the payee’s endorsement is forged before the check is delivered to the payee, the underlying obligation of the drawer to the payee is not discharged by the check, and the payee can require the drawer to pay the obligation a second time. With liability of the payor bank a forged or unauthorized endorsement of the payee is ineffective as the payee’s endorsement. This white paper reviews liability, defenses, rights of payee, and double forgeries.
Eric M. Hurwitz
Stradley Ronon Stevens & Young, LLP
- Partner in the office of Stradley Ronon Stevens & Young, LLP
- Co-chair of the firm’s Financial Services Litigation practice group
- Practice focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product
- Defends both single-plaintiff and class-action lawsuits against banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies, and other financial services institutions
- Conducts regular seminars and workshops on numerous consumer finance topics
- Author of publications concerning the mortgage industry, including the Fair Credit Reporting Act, Equal Credit Opportunity Act, and regulations promulgated by the Consumer Financial Protection Bureau
- South Jersey Biz, Best Attorneys in Business for litigation
- J.D. degree, Boston University School of Law; B.A. degree, University of Texas at Austin
- Can be contacted at [email protected] or 856-321-2406
Michelle H. Badolato
Stradley Ronon Stevens & Young, LLP
- Counsel at Stradley Ronon Stevens & Young, LLP
- Concentrates her practice in the areas of financial services litigation, banking litigation and law, commercial litigation, foreclosure, and bankruptcy
- Background spans a variety of other practice areas, including construction law, intellectual property, real estate transactions, insurance defense, family law, and probate matters
- Member of the financial services litigation group, which resolves disputes involving consumer and commercial financial products or services
- Recognized by the New Jersey Law Journal’s “40 Under 40,” comprised of the top young professionals in the New Jersey legal community
- J.D. degree, Widener University School of Law; B.A. degree, Gettysburg College
- Can be contacted at 856-321-2401 or [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
Thank You!Download White Paper
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.