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Wisconsin Credit Union Foundation

Handling Subpoenas, Summonses, Garnishments & Levies

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.

Oct 15, 2018 02:00 PM   -­­  Oct 15, 2018 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Member Services
  • Compliance

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Description

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.

Learning Objectives

  • 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?

Speaker

Elizabeth Fast, JD, CPA, Spencer Fane LLP

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.