Has your institution implemented proper procedures for the handling of
garnishments, levies, warrants, and judgment liens? Most institutions handle
these complicated legal documents daily, but many do so without the proper
training, which can expose the institution to significant liability. This
webinar will explain all aspects of garnishments, levies, warrants, and judgment
liens, and the situations in which they are served. 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
also will learn the special requirements and procedures for accounts that
receive federal benefit payments.
- What are your institution’s
legal obligations to respond to garnishments, levies, and judgment liens
are you required to notify accountholders
- What if an account is held by more
than one person or by a trust, sole proprietorship, corporation, etc.
- What if
your institution holds a security interest or a right of setoff to the
- Should an account with a line of credit be drawn on to satisfy the
garnishment, levy, or lien?
- Are there special procedures for accounts containing
federal benefit payments?
- How do you calculate the amount to protect for the
Elizabeth Fast, Spencer Fane LLP