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.
financial privacy restrictions are imposed when responding to these legal
- 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?
Elizabeth Fast, JD, CPA, Spencer Fane LLP
Live and recorded webinar, handouts, quiz with answer key and training log are included.