I am hoping someone can help me (I am in NY).

Our bank recevied a warranty claim of missing endorsement and I think we can deny it but I am confused and unfortunately have no one to help at the moment.

The other bank was notified of the breach of warranty of missing endorsement on 4/5/2024 (per the affidavit signed by the MAKER) but they did not notified our bank until 08/05/2024

From my understanding, a missing / forged endorsement claim needed to be signed by the PAYEE, because they are the only ones who can legally say they did not benefit from the check.

I was also taught, any affidavits signed and notarized, needed to be recevied by the other bank within 30 days otherwise they have the right to deny.

Was I taught wrong? The other bank is currently pushing back saying "They do not require the payee signature for missing endorsement and they have one year to report the claim" (to my knowledge, missing/ forged endorsements can be made up to 3 years as long as the other bank involved is notified within 30 days of the affidavit signed).

Can anyone please help me understand this?