TOPIC: Cashier Check

Loan Checks

Manager at a credit_union ($1.4BUSA)
Trying to gauge how other FIs issue your loan checks.  Do you issue payable to the dealership only?  Or do you issue payable to the borrower AND the dealership?

Also, do you mind sharing the Restrictive Endorsement you include on the back of the check?

    Lost Cashiers' Check- Loan Proceeds

    Manager at a credit_union ($1.4BUSA)
    Wondering how others treat lost cashiers' checks that were mailed directly to dealerships.  Do threat these the same as other lost cashiers' checks? Meaning require a declaration of loss and wait 90-days?

    Also, in this situation who do you have complete the declaration of loss?