Avoid Paying Twice on Cashier’s Check

Answered by:

Question:

We made a car loan and sent a cashier’s check to pay off the prior lender. The cashier’s check got lost. Can we go ahead and replace it?

Answer:

Not without risking having to pay twice. The only way to escape liability for a missing cashier’s check is to have an enforceable declaration of loss from a proper claimant.
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Learn more about Mary Beth Guard’s webinar
A Banker’s Guide to Important Check Issues