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ACH Payment Reclamations & Garnishments

Sep 09 2:00 PM - Sep 09, 2021 3:30 PM
Sep 09, 2021 2:00 PM - 3:30 PM
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Learn the ins and outs of ACH payment reclamations and garnishments in this fact-filled webinar. You’ll learn about your institution’s reclamation liability risk and be able to make appropriate action plans once you know how to properly assess garnishment scenarios.

Learning Objectives

  • Compare your institution’s reclamation liability risk against the ACH Rules and 31 CFR Part 210
  • Discuss the financial impact of signing a Master Agreement
  • Explain the responsibilities associated with learning of an accountholder’s death
  • Evaluate the type of payment received and appropriately apply the ACH Rules or 31 CFR Part 210, given a specific scenario
  • Assess a garnishment scenario to determine the appropriate action under the Guidelines for Garnishment of Accounts Containing Federal Benefit Payments

What are your responsibilities when you learn of an accountholder’s death? Should you act on a word-of-mouth notification that an accountholder is deceased? Are you required to return post-death payments, or can you wait for a reclamation? With this webinar, you’ll find answers to these questions and compare and contrast your financial institution’s liability under the ACH Rules and 31 CFR Part 210 related to post-death benefit payments. You’ll be able to understand (and limit) your liability according to what type of payment is received. Join us to learn the impact of signing a Master Agreement and which payments are exempt from garnishment.

Agenda

Speakers

Shelly Sipple, AAP, APRP, NCP, EPCOR
Shelly Sipple joined EPCOR in 2005 following an 11-year career with the Federal Reserve Bank of Kansas City. As EPCOR’s Director of Certifications & Continuing Education, she designs and conducts education programs in support of ACH to over 2,000 financial institutions and corporate members. Shelly presents at regional and national industry conferences as an ACH payments expert. She received her Accredited ACH Professional designation in October 2006, her Accredited Payments Risk Professional (APRP) in March2018, and the National Check Professional (NCP) certification in May 2019. She is an active member of Nacha’s APRP Oversight Panel and holds a bachelor’s in Business Education.

Location

Fees

$259.00 

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Operations
  • Compliance