Garnishments, Subpoenas, Summonses, Levies: Getting It Right!
Date: Feb 21, 2013 04:00 AM - 05:30 AM
Location: OnlinePrice: $200
This webinar was originally presented on 8/21/2012. Archives are available for six months after this date.
Has your credit union implemented the proper procedures for handling garnishments, levies, and other demands for member funds? Most credit unions deal with these matters daily, but many do so without proper training. Handling these matters improperly can expose your credit union to significant liability. This seminar will explain these complicated legal documents and the situations when they are served on the credit union. Learn the necessary steps to handle these matters, such as identifying accounts, placing account holds, answering interrogatories, notifying your member, and remitting the funds. This presentation will also review the garnishment procedures that became effective on May 1, 2011, for accounts containing certain federal benefit payments.
- What financial privacy restrictions are imposed on your credit union when responding to these legal processes?
- What risks are imposed on the credit union?
- When are you required to notify your 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.?
- Garnishment procedures for accounts containing federal benefit payments
WHO SHOULD ATTEND?
This informative session will be useful to deposit operations personnel, member service representatives, tellers, compliance personnel, auditors, and managers.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – Elizabeth Fast, JD & CPA, Spencer Fane Britt & Browne LLP
Elizabeth Fast, Esq. is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
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