Oregon Bankers Association - Independent Community Banks of Oregon

Law and Banking Principles

AIB Course Code: 3660

Course Length: 16 weeks

Course Description:
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.

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.

Learning Objectives:
After successfully completing this program, you will be able to:

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

Course Credits: AIB: 3.0; ICB: (CCTS or CLBB) 45.0

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

Textbook:
Law & Banking, 2005 , 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.)

Topics Covered: