Law and Banking: Principles


Description: Law and Banking: Principles 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.

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

Learning Objectives:

  • Explain the legal and legislative sources of U.S. banking law and the judiciary’s and regulatory agencies’ roles in interpreting the law
  • Describe the major torts and crimes that affect the banking industry
  • Identify the customer relationships of individuals, sole proprietorships, and partnerships, and a bank’s legal obligations and responsibilities when transacting business with these customers
  • Identify the legal entities of corporations, government agencies, limited liability companies, estates, and trusts, and a bank’s legal obligations and responsibilities when transacting business with these entities
  • Explain how contractual relationships are formed and enforced and the different elements of contracts
  • Describe how property may be acquired, transferred, and owned, and how creditors obtain property interests
  • Describe the requirements of negotiable instruments as defined by Uniform Commercial Code Article 3 and other laws
  • Describe the parties and their rights in the transfer of negotiable instruments and the legal responsibilities of banks in collections and returns as governed by the UCC and federal regulation
  • Explain the legal obligations of banks to act responsibly as businesses and in their dealings with customers

16 weeks / 45 hours
Member: $436
Non-Member: $520

ABA Credit: 3
ACE Credit: In the lower division baccalaureate/associate degree category, 3 semester hours in Business Law.

Locator Number Start Date End Date
24887 – LBP130 01/30/2017 05/19/2017
24889 – LBP132 07/17/2017 11/03/2017

Required Textbook:
Law and Banking, 7th Edition – eBook: Member: $94 / Non-Member: $135
Law and Banking, 7th Edition – Printed Book: Member: $109 / Non-Member: $151