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Medallion & Signature Guarantee Risks, Rules & Best Practices

Mar 29 2:00 PM - Mar 29, 2022 3:30 PM
Mar 29, 2022 2:00 PM - 3:30 PM
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Is the signature genuine? Is the signer the appropriate party? Does the signer have legal capacity? What are the parameters of the Medallion program? Attend this webinar to learn the answers to these questions and more, including how to mitigate risk of loss.

Learning Objectives

  • Distinguish among the various types of signature guarantees
  • Explain the STAMP Medallion Program and its requirements
  • Identify situations when Medallion or signature guarantees are used
  • Analyze the potential liability to your institution and how to reduce that risk
  • Determine the proper questions to ask to mitigate risk

Signature guarantees are not new, but the financial losses and administrative problems associated with them are increasing because many institutions do not understand the responsibilities and liabilities assumed when guaranteeing a signature or using a Medallion stamp. It is imperative that all financial institutions that issue or accept signature guarantees have effective internal controls to mitigate the associated losses and problems. Do you know the differences between the various signature guarantees, including the STAMP Medallion Program? Join us to learn the situations in which each type of signature guarantee is required, including analysis of the related risks and liabilities.

NOTE: This seminar is not sponsored by or affiliated with the STAMP Medallion Program.

Agenda

Speakers

Elizabeth Fast, Spencer Fane LLP 

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. 

Location

Fees

$259.00 

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Compliance