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Compliance

 

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

 

 

Wednesday, April 16, 2014

2:00 - 3:30 pm CST

 

Speaker: Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP

 

About the Program
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.

 

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?



Related Files
Printable Brochure (Adobe PDF File)

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