If someone steals my check and cashes it, who takes the loss?

1 Answer

Answer :

I would think that if you can prove the theft, and if you can enlist the client’s bank (via a request from the client, because it’s in the interests of all parties to resolve the issue) to validate the criminal conversion, then the badly acting bank should make you whole. This supposes that someone outside of your circle of business associates and/or family who had legal access to the mail and to the check, and who may have had authority to act on it: to cash or deposit it on your behalf, performed a criminal act. (If it’s one of your associates embezzling from you, then that would be a different story, I think, unless a bank official was in on a conspiracy.) Banks are required to know check endorsers and to exercise reasonable care in cashing and honoring checks – particularly when the people presenting them are NOT the people named as recipients. If a bank honored a check made out “to you” for someone else, then they acted badly, it would seem, and need to overhaul their processes, at the very least.

Related questions

Description : If your landlord cashes a rent check a month early and it bounces, should you be responsible for their fees?

Last Answer : If you wrote the check without sufficient funds in your account you are responsible for the fee. If the only check that had been cashed had been the one the bank issued early it might be ... owe that fee-you wrote them a worthless check. There are also criminal charges that could be brought.

Description : If someone hits my vehicle and that person's insurance company writes me a check and I keep the money rather than get my vehicle repaired, is that insurance fraud?

Last Answer : Their obligation is to give you a check if your claim is a valid one. Whether or not you decide to actually fix your car with it is totally up to you.

Description : Boring question #38: Your self-parking car causes and accident, who takes the blame?

Last Answer : answer:You just know this is going to happen eventually. Who takes the blame? Nobody. Who gets sued? That's easy. The party with the deepest pockets. Who benefits? The lawyers, obviously. I'll ... the papers, casework and research, like vultures on a desert rock, waiting for the inevitable slip-up.

Description : Why does my mortgage company want me to sign the check over to them?

Last Answer : I never heard of that. Our insurance company just pays us direct for damages.

Description : Content protection of items in my home in case of large loss or theft?

Last Answer : Welcome to Fluther. I'm not a homeowner, but this kind of sounds like a waste of money to me. If you have a way to record video or take photos, you can do all of this recording yourself, and then ... when we moved to a new place. If you took this company's offer, you'd be paying for convenience.

Description : Do you think insurance companies would ever get to the point where obese people are required to have weight loss surgery or be dropped from their health insurance policies?

Last Answer : No, I don't think surgery will be required. I predict the rates obese people pay for insurance will be significantly higher first. I can foresee a time when a notice will be give that at your ... BMI must either be below a certain number, or you must show an x% reduction since the previous year.

Description : How to get a fair trade value of my car during Total Loss process?

Last Answer : answer:Find your policy and read it carefully. This should be covered somewhere in the fine print. I can’t give you a more difinitive answer as there are too many variables from policy to policy to make a decent estimate. The insurance will probably give you Kelly Blue Book value.

Description : Why would a health insurance company not want to pay for something that will save them money in the long run, even if they have to pay in the short run (for example weight loss surgery)?

Last Answer : answer:We’re asking why anything insurance companies do makes sense? They’re a company that profits off taking money from people that can’t afford it, and telling those same people they don’t deserve to be treated for their illnesses. They are, indeed, the scum of the universe.

Description : Can a life insurance company deny payment to someone who has chosen NOT to get the Covid vaccination?

Last Answer : Suicide is defined by intent. If you kill yourself by accident (reckless driving, extreme sports, accidental overdose, etc.), life insurance would likely pay out to your beneficiaries. If there is evidence ... not their intended outcome - so, no. (All this courtesy of my law school graduate wife)

Description : Could someone please explain my diagnosis?

Last Answer : Well she has not confirmed diagnosis of bipolar I guess she is just assessing you for bipolar. I guess you need to consult a psychiatrist who specializes in illnesses like Bipolar which is basically a ... , it sounds like psychological and stress induced. So it would be better to see a psychiatrist.

Description : Would you hire someone who lost their job at Walmart for helping someone?

Last Answer : It’s Bud Light. Imo it’s so petty to go on a foot chase with a thief let alone on a truck ride! That’s what the police are for.

Description : If you collide with someone while your car is parking itself who is responsible?

Last Answer : You are. And chances are the manufacturers AGB already excluded any liability for damages resulting from the use of the device, so the probability of a successful lawsuit are slim at best.

Description : How to loan someone a car with car insurance?

Last Answer : Your auto insurance should cover having other people drive your car.

Description : What are the insurance and legal requirements if I allow someone to borrow my vehicle?

Last Answer : Check with your insurance company to be certain, but generally in the U.S., the car is insured for any driver that is using it. (In the U.K. it is the speciific driver who is insured ... pulled over and accused of stealing it; unless there are very bizarre circumstances, I wouldn't worry about that.

Description : Can someone help me understand what portability health insurance is?

Last Answer : I may be wrong on this, but I believe portability insurance would mean you can continue the policy with no time limits after leaving the job; COBRA only continues for 18 months after you leave the job. I think either could or could not have dental depending on the plan you were coverd under.

Description : How do I get my money without getting someone in trouble with the law?

Last Answer : It is now in the hands of the law. Forget about it. I guess you can hope that you both continue to be nice to one another.

Description : Someone drove into my sister's boyfriend & the guy who hit him doesn't have insurance/license anything... what about the medical bills?

Last Answer : Call the Ins commissioners’ office in your state and ask if there is a fund for uninsured motorists, and if the young man qualifies. Sorry to hear about the incident, best of luck to you.

Description : Can someone make the zombie that they will become when they die the beneficiary of their life insurance polacy?

Last Answer : I don’t think you can leave anything for the “undead”, but then again, I don’t think there’s a clause for that….

Description : If someone steals my kidney, and implants it in another, can I get my kidney back?

Last Answer : Craig’s List has a section for lost kidneys.

Description : What do I do if someone steals my designs ?

Last Answer : hahaha, that sounds like it pretty much sucks. My vote is beat ‘em up. Lol, I dunno how those situations work but have you tried to make any contact with him to talk about what he’s doing?

Description : What do you call someone who steals coffee? -Riddles

Last Answer : A 'mug'.

Description : Minecraft changed a guy's password because someone stole his account, He received an Email saying: Your Minecraft Password is Different. I just changed it from the other password so nobody else steals The Password also has 9 characters. =) What Is the New Password. -Riddles

Last Answer : The Password is 'Different' Having the word to even have 9 Characters! D = 1 I = 2 F = 3 F = 4 E = 5 R = 6 E = 7 N = 8 T = 9

Description : What do you call someone that steals soap? -Riddles

Last Answer : A dirty crook.

Description : Who is Someone who steals from others on the high seas 6 letter word?

Last Answer : Need answer

Description : How long do you carry full coverage insurance on your vehicle?

Last Answer : I drop Comp and Collision after about 6–8 years or when the value of the car is such that it probably wouldn’t be worth repairing if it was damaged. Liability of course, you keep forever.

Description : Do you have pet insurance?

Last Answer : What company is doing pet insurance?

Description : What's the best way to obtain insurance for a first-time car buyer?

Last Answer : Have her get quotes from AAA, State Farm, and Geico. All will give you free quotes. Has your daughter been on anyone else's (yours) insurance? That insurance will happily give her a rate based on moving ... on my policy so she could give it to the agent, even though she was coming off my policy.

Description : How to sell "security" technologies to banks, insurance companies or FinTechs (tips and tricks)?

Last Answer : Is the methodology to reach out to decision makers and interview/survey them? or simply glean insights from experienced insiders with knowledge of this process? Those seem like excellent questions, and ... on that to look for patterns such as seasonality or correlations with data breaches etc.?

Description : Would the following description given in "Without a Hitch" by Andrew Price be realistic?

Last Answer : Bogus Sure, they make a cursory effort to collect the debts, but they give up quickly and write them off their taxes. To cover their losses, they buy insurance. Since they have insurance, they won't ... the theft. They can't write off the loss and get insurance payments, that would be fraud !

Description : Is it insurance fraud to have insurance but choose to self pay for medical services?

Last Answer : That’s a stupid computer system. You are not required to use insurance if you don’t want to. If you want to pay cash, that’s your choice, not theirs.

Description : Find old insurance policy information?

Last Answer : Good luck. You might find evidence of this in corporate records, if they still exist. But no insurance company would pay out on the basis of that sort of evidence. If it's flood insurace - that's ... (fire, theft, etc.) is likely long lost, since the policies would have expired 50 years ago.

Description : Is AAA accident insurance a good idea?

Last Answer : Here’s a good source of car insurance reviews .

Description : How do you approach bosses to let them know they’re wrong?

Last Answer : I agree. You probably can't have both an HSA and an FSA If you qualify for an HSA, you cannot elect to set up both an HSA and an FSA, unless the FSA is a limited purpose FSA ... , using a limited purpose FSA for expected vision and dental expenses could be a smart choice. Nerdwallet dot com

Description : My iPhone was stolen and my insurance has not yet provided a voucher number. How do I procede with this?

Last Answer : All cell phones can be traced. Get your cell phone provider to track its location. This should had been the first thing to do as well as talking to the security at the store for video of the theft ... would be suspicious as to who was telling you to purchase a new one and then yours is lost? hmmmm

Description : If you had a chance to shame Congress into doing the right thing, what right thing would you choose?

Last Answer : This has got to be one of fluther's best ever questions. I am a strong believer that schools need more than just some safety bill to improve. I believe they need total restructuring; physically and ... will save that for my address to Congress. I don't need a celebrity to present for me.

Description : What do you think about my following speech about health care (in other words, details if you click)?

Last Answer : Probably accurate, but completely naive. In the US at least, big business controls all parts of health care and drug manufacturing, and they are not going to want to lose their hold on their parts ... public utilities. So, @luigirovatti - what you wrote is a dream, but it will never become reality,

Description : What is the purpose of a doctor referral?

Last Answer : They have data that says that if your primary physician is maintained as a gatekeeper, it cuts down on utilization. Less utilization, more money for the third party payer.

Description : How should we go about fixing the scratch on our car?

Last Answer : Insurance will have a deductible that it may be under. I would take it back to the dealer and see what they suggest. They may fix it for not too much or tell you what you can do.

Description : Is it against the law to ask a repairman to charge you extra so to be covered by renters or landowners inurance?

Last Answer : It isn’t the deductible, and it is called fraud.

Description : Why does this guy want a bill of sale on this salvage vehicle?

Last Answer : So there is a way to trace the car to prove it wasn’t stolen. The guy is really trying to protect himself and I would too. I would assume it’s the same with showing insurance.

Description : Does health insurance cover aides coming to your house?

Last Answer : No, not normal insurance. Health aides are covered for a period of time (change dressing, take BP, administer medicines). Housework like cleaning, cooking, etc. – is not covered by normal health insurance. You can get supplemental (Aflac and such) that will cover other services, but that’s extra.

Description : Should I feel bad? (details inside)

Last Answer : No. It sounds like your friend has far more issues to deal with besides his irrational fear of “socialism” and his desire to feed corporate power.

Description : Do motorized wheelchairs need insurance and do the users need a drivers licence where you live?

Last Answer : NO, they're not treated like automobiles more like bicycles so no insurance, no drivers license & no tags. They are also not supposed to be used in the roadway but are supposed to be used on the ... moments. Don't think I've heard of anybody here being run over by an electric wheelchair either!!!

Description : How do senior citizens on fixed incomes afford dental services?

Last Answer : Dental schools sometimes have free discounted dental work with the students. So that the students can practice with a real person. It might even be free. Go ask.

Description : Should my friend hire an attorney?

Last Answer : I was involved in a very serious accident some years ago and was being sued. The car was a business car and the lawyer who represented me was selected and paid for by the insurance company that insured ... to so they have a vested interest in your interests as well. At least that was my experience.

Description : Has anyone applied for the Market Place 2018 (Obama) health care insurance or had it before?

Last Answer : I did it for 2017. I feel like I didn't have great advice from other people when I did. I will likely make too much money and wind up owing money. I knew I would be cutting it close though, ... marketplace and subsidy was going to be my best option, I wish I had had a broader discussion with her.

Description : Can one buy employment insurance privately and not just from the government?

Last Answer : One should never need to buy insurance for unemployment. One can pay whatever one assumes the premiums should be into a savings account - and then draw down on that account during times of unemployment ... your door, and beat it down to buy your product and live off of your generosity forever.

Description : If your house is a lone survivor of a wildfire, are you better off or not?

Last Answer : As you surely already know, a home is more than just a house . If I manage to save the structure - and its contents - then I'll consider it a win. On the other hand, the risk that the homeowner takes ... an hour or two while the fire burns over and moves on, and until it is safe to come out again.

Description : Is Trump right that the the subsidies for health care raise prices?

Last Answer : Economics 101: marginal subsidies decrease the cost to the consumer while increasing the revenue of the producer. This is true regardless of whether the subsidy is on consumption or production. There ... government subsidies that drive up the cost of college tuition. It's the student loan system.

Description : What are the Democrats proposing to fix the problems with ACA?

Last Answer : Not necessarily a Democrat's stated position, but here is an articel from the NY Times on how to repair it ACA would work and work well if it had not had years of being sabotaged. ... refused to expand Medicaid programs to help the poor, and years of litigation have made insurance companies jittery.