PREPARED STATEMENT OF THE FEDERAL TRADE COMMISSION PRESENTED BY JODIE BERNSTEIN DIRECTOR OF THE BUREAU OF CONSUMER PROTECTION DEMAND DRAFT FRAUD (AKA Check By Phone & Fax) BEFORE THE HOUSE BANKING COMMITTEE WASHINGTON, D.C. Mr. Chairman and members of the...
This article should serve as a guide for understanding check drafting. Please consult your legal department to verify any laws that may vary in your state and for recommendations and/or advice. About Draft Checks and ManageMore A draft check (also referred to as...
The following should serve as an example legal document between you and your client for processing draft checks. SAMPLE Check Draft Authorization Form I, CLIENT NAME, authorize YOUR COMPANY NAME to initiate funds from the checking account indicated below. I...
