Handling Subpoenas, Summonses, Garnishments & Levies

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Has your financial institution implemented proper procedures for handling garnishments, subpoenas, summonses, and levies? Most institutions handle these complicated legal documents daily, but many do so without the proper training. This webinar will explain legal processes, potential liability, and the situations when documents may be served on your institution. Join us to understand how to handle legal processes, such as identifying accounts, placing account holds, answering interrogatories, notifying the accountholder, and remitting funds. You will also learn the special garnishment procedures for accounts that receive federal benefit payments.

HIGHLIGHTS

  • What financial privacy restrictions are imposed when responding to these legal documents?
  • How do you know if it is an official document or a fake?
  • What risks are imposed on your institution?
  • When is your institution required to notify the accountholder?
  • What if your institution holds a security interest in the funds?
  • What if an account is held by more than one person or by a trust, sole proprietorship, corporation, etc.?
  • What are the special 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 accountholder notice form
  • 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, tellers, account service representatives, collectors, compliance personnel, auditors, attorneys, 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 LLP
Elizabeth Fast is a partner with Spencer Fane 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. 

Originally recorded on October 5, 2018.

Recorded webinar is available until April 30, 2018.

Free Digital Copy included with purchase to download and view beyond link expiration date.

Price includes sales tax.