Responding to Official Demands for Member Funds: Subpoenas, Garnishments, Summonses, Levies

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Member PriceNon-Member PriceDescription
$200.00 Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY
   

Wednesday, April 16, 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

Has your credit union implemented proper procedures for handling garnishments, subpoenas, summonses, and levies? Most credit unions deal with these official legal documents daily, but many do so without the proper training. This webinar will explain these complicated legal issues and the situations when documents may be served on the credit union. Join us to understand how to handle legal processes, such as identifying accounts, placing account holds, answering interrogatories, notifying the member, and remitting funds. The final rules regarding garnishment procedures that became effective on June 28, 2013, for accounts containing federal benefit payments will also be addressed.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • What financial privacy restrictions are imposed when responding to these official legal documents?
  • How do you know if it is an official document or a fake?
  • What risks are imposed on the credit union?
  • When are you required to notify the member?
  • What if your credit union holds a security interest in the funds?
  • What if an account is held by more than one member or held by a trust, sole proprietorship, corporation, etc.?
  • What are the special garnishment procedures for accounts containing federal benefit payments?

  • TAKE-AWAY TOOLKIT
    • Official Guidelines for Garnishment of Accounts Containing Federal Benefit Payments issued by the Department of the Treasury
    • Sample notice form to be sent to accountholders
    • 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 deposit operations personnel, member service representatives, tellers, compliance personnel, auditors, 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