Section 355.5 - What warranties does a presenting bank make?(a) A presenting bank makes the warranties required of a sender under subpart A of regulation J ( 12 CFR part 210 ). This paragraph does not limit any warranty by a presenter or other party arising under State law.(b) We are not barred from recovering on a breach of warranty solely because:(1) Our negligence contributed to a fraudulent endorsement or material alteration;(2) We did not promptly discover an unauthorized signature or alteration;(3) An impostor fraudulently caused the issuance of a fiscal agency check in the name of any existing payee; or(4) Our employee fraudulently caused the issuance of a fiscal agency check in the name of any existing payee.