Accepting Powers-of-Attorney on Deposit Accounts

View Shopping CartView Registration Options and Pricing
Member PriceNon-Member PriceDescription
$200.00 Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY
   

Thursday, April 3, 2014

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Powers-of-Attorney are complex legal documents used to transact business with your credit union on a daily basis. If not handled properly, they can expose your credit union to significant liability and risk. This webinar will explain everything that you need to know about accepting powers-of-attorney on deposit accounts, including the more difficult situations involving joint account owners, multiple attorneys-in-fact, misconduct by an attorney-in-fact, and death of the principal. Learn the steps your credit union can take to reduce risk when dealing with powers-of-attorney.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Various types of power-of-attorney documents – durable, springing, limited, military, etc.
  • Difference between a power-of-attorney and a Social Security representative payee
  • Difference between a power-of-attorney and an authorized signer or convenience signer
  • Actions an attorney-in-fact can and cannot take on behalf of your member
  • Can the attorney-in-fact open, close, or add himself to an account?
  • Can a trustee appoint a power-of-attorney?
  • Steps your credit union can take to reduce your risk associated with powers-of-attorney

  • TAKE-AWAY TOOLKIT
    • Checklist of important questions to ask when accepting a power-of-attorney
    • Sample standard language
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session will be useful to all deposit operations personnel, tellers, member service representatives, new accounts personnel, compliance staff, and managers.

PLEASE NOTE
Webinar content is subject to copyright and intended for your individual credit union’s use only.

MEET THE PRESENTER

Elizabeth FastElizabeth Fast
Spencer Fane Britt & Browne LLP

 
View Shopping CartView Registration Options and Pricing
Member PriceNon-Member PriceDescription
$200.00 Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY