Due to technical difficulties, a security video could not be viewed at Walmart after a $17,000 theft was reported.
A 32-year old Bedford County woman was in the Murfreesboro Old Fort Parkway store shopping and accidently left her purse in the shopping cart after checking out at the retail outlet. The accident occured around 9:00, Tuesday night. The female told police that as soon as she realized she left her purse in the store she immediately returned to retrieve it. What makes this case stand out is that the victim had a $17,000 cashier’s check in in her purse.
When the woman went to store management, they told her they found the purse. The only problem was that her $17,000 check was missing, along with a credit report and bank receipt.
Police met with management of the Walmart store on Old Fort Parkway and attempted to view security footage from inside the store to help determine who stole the purse. The narrative on a police file dated February 19th states, “We were unable to locate the incident due to technical difficulties.” Police were not able to view the security video.
Banks are able to cancel a cashier’s check or stop the payment of a cashier’s check if the check is lost or stolen. However, according to the Uniform Commercial Code, banks are allowed to wait 90-days before offering refunds on a canceled cashier’s check. In other words, the victim will have to wait almost three months before getting her money back.
Because the surveillance video was unable to play, there are no suspects at this time.
Uniform Commercial Code
MPD Incident #13-3423
Tennessee Code Annotated (below)
TCA 47-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check.
(a) In this section:
(1) "Check" means a cashier's check, teller's check, or certified check.
(2) "Claimant" means a person who claims the right to receive the amount of a cashier's check, teller's check, or certified check that was lost, destroyed, or stolen.
(3) "Declaration of loss" means a written statement, made under penalty of perjury, to the effect that (i) the declarer lost possession of a check, (ii) the declarer is the drawer or payee of the check, in the case of a certified check, or the remitter or payee of the check, in the case of a cashier's check or teller's check, (iii) the loss of possession was not the result of a transfer by the declarer or a lawful seizure, and (iv) the declarer cannot reasonably obtain possession of the check because the check was destroyed, its whereabouts cannot be determined, or it is in the wrongful possession of an unknown person or a person that cannot be found or is not amenable to service of process.
(4) "Obligated bank" means the issuer of a cashier's check or teller's check or the acceptor of a certified check.
(b) A claimant may assert a claim to the amount of a check by a communication to the obligated bank describing the check with reasonable certainty and requesting payment of the amount of the check, if (i) the claimant is the drawer or payee of a certified check or the remitter or payee of a cashier's check or teller's check, (ii) the communication contains or is accompanied by a declaration of loss of the claimant with respect to the check, (iii) the communication is received at a time and in a manner affording the bank a reasonable time to act on it before the check is paid, and (iv) the claimant provides reasonable identification if requested by the obligated bank. Delivery of a declaration of loss is a warranty of the truth of the statements made in the declaration. If a claim is asserted in compliance with this subsection, the following rules apply:
(1) The claim becomes enforceable at the later of (i) the time the claim is asserted, or (ii) the 90th day following the date of the check, in the case of a cashier's check or teller's check, or the 90th day following the date of the acceptance, in the case of a certified check.
(2) Until the claim becomes enforceable, it has no legal effect and the obligated bank may pay the check or, in the case of a teller's check, may permit the drawee to pay the check. Payment to a person entitled to enforce the check discharges all liability of the obligated bank with respect to the check.
(3) If the claim becomes enforceable before the check is presented for payment, the obligated bank is not obliged to pay the check.
(4) When the claim becomes enforceable, the obligated bank becomes obliged to pay the amount of the check to the claimant if payment of the check has not been made to a person entitled to enforce the check. Subject to § 47-4-302(a) (1), payment to the claimant discharges all liability of the obligated bank with respect to the check.
(c) If the obligated bank pays the amount of a check to a claimant under subsection (b) (4) and the check is presented for payment by a person having rights of a holder in due course, the claimant is obliged to (i) refund the payment to the obligated bank if the check is paid, or (ii) pay the amount of the check to the person having rights of a holder in due course if the check is dishonored.
(d) If a claimant has the right to assert a claim under subsection (b) and is also a person entitled to enforce a cashier's check, teller's check, or certified check which is lost, destroyed, or stolen, the claimant may assert rights with respect to the check either under this section or § 47-3-309.
HISTORY: Acts 1995, ch. 397, § 2.