Lost certified check

This is a discussion on Lost certified check within the Consumer Law Questions forums, part of the Legal Questions & Answers Forum category; I lost a certified cashiers check given to me by my brother a year and a half ago I believe it was shredded by mistake. The checks have never been ...

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  1. #1
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    Lost certified check

    I lost a certified cashiers check given to me by my brother a year and a half ago I believe it was shredded by mistake. The checks have never been found or cashed. The credit union where the check was issued is telling me that I need to sign an affidavit of loss/indemnity agreement as well as buy a surety bond. From what I have read in the Uniform Commercial Code, a surety bond isn't necessary if it has been longer than 90 days. Do credit unions have to operate according to the UCC or is that not enforced? Do policies/procedures vary from institution to institution? Is there no way for me to get the checks reissued without a surety bond? Thanks in advance


  2. #2
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    I assume you asked the bank whether they would accept the lowered conditions as you stated. I assume you have, also, what state are you located in? This will affect how the situation is treated best by you. Oftentimes banks and credit unions do things which exceed requirements. This may or may not be something you can push legally. Checks over certain amounts are also often treated differently.
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