Law & Banking: Principles
16 week Online course

Registration Deadline is one week prior to start date

Member Price with textbook: $465
Member Price without textbook: $355
Nonmember Price with textbook: $570
Nonmember Price without textbook: $445
General Information on Online Courses

Questions? Contact Susan Clark at the IBA

Course Description:
Audience:
Personnel who are new to banking or require a refresher course on the legal basis for many banking laws governing products, services and transactions. 

This newly updated AIB course is a foundation on the business law principles underlying banking law as well as a description of the context for and process of creating banking law and regulations. Knowing the basics of business law enables every banker to more easily understand laws pertaining to bank products, services and transactions.

Learning Objectives:
Textbook:
Law & Banking, 2008 , ABA (This textbook is used for both the Law and Banking: Applications and Law and Banking: Principles online courses.  If you purchased the book for one of the courses, you should register for the second course without the textbook.)Course Credits:
AIB: 3.0
ICB: 45.0 CCTS or CLBB

• Explain the legal and regulatory system by which laws and regulations are made and banks are governed
• Describe the Uniform Commercial Codes Articles 3, 4, and 9
• Distinguish between civil law and criminal law, torts and crimes
• Explain concepts such as of legal capacity, obligation, authority, responsibility and liability
• Explain the elements, types of, and rules for interpretation of  contracts
• Understand real and personal property ownership, ways property is transferred or acquired, major types of property interests, and more
• Describe the UCC Article 3 rules for negotiable instruments, the rules of negotiation and more
• Explain UCC Article 4 requirements for transfer of negotiable instruments, the rules for banks in the collection process, the affect of Check 21, and more