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Top 25 Safe Deposit Compliance Issues

Mar 31 2:00 PM - Mar 31, 2022 3:30 PM
Mar 31, 2022 2:00 PM - 3:30 PM
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This enlightening webinar will scrutinize the top 25 safe deposit compliance issues. Learn the industry standards and how to avoid compliance mistakes from safe deposit guru, David McGuinn. Take this opportunity to get your questions answered and ensure your program is shipshape.

Learning Objectives

  • Who can legally access and remove contents from a deceased renter’s box?
  • What seven suspicious box access transactions will always trigger a SAR?
  • Can a lease be titled as a “living trust” or have a “payable on death” clause?
  • What should be done if dangerous contents are found in a past-due box?
  • What BSA and SAR violations are examiners finding?
  • When should box contents be sent to the unclaimed property department?
  • What seven past-due fees can be charged to a delinquent box renter?
  • Do you have “right of offset” against a past-due renter’s account?
  • Who must be present when a past-due safe deposit box is drilled?
  • Should a past-due renter be reported to a credit-reporting agency?
  • Can a power of attorney be used to authorize box access?
  • How does the Americans with Disabilities Act affect safe deposit?
  • How should renters’ questions about insurance be answered?
  • Why must careful wording be used in final past-due notices?
  • Can renters legally store money, guns, or drugs in a box?

Complex questions have caused great concern and confusion for the safe deposit industry, including matters related to deceased renters, payable-on-death clauses, living trusts, court orders, the Servicemembers Civil Relief Act, the USA PATRIOT Act, suspicious activity reports, powers of attorney, the Americans with Disabilities Act, past-due boxes, abandoned property, and other legal and compliance issues. This webinar will provide current information about all these issues and an in-depth explanation about how they impact your financial institution and safe deposit box renters.



David McGuinn, Safe Deposit Specialists

Dave McGuinn, president and founder of Safe Deposit Specialists, is a former banker withover 50 years of safe deposit experience. He is often referred to nationwide as the safe deposit “guru” and has trained over 350,000 safe deposit personnel throughout the U.S. since 1969. Dave has served as President of the American Institute of Banking and the American, Texas, and Houston Safe Deposit Associations.

Dave is a featured speaker for the American Bankers Association, Independent Community Bankers Association, National Association of Federal Credit Unions and over 100 other nationwide financial associations. He has been widely interviewed by nation wide magazines and TV networks on current safe deposit issues. In addition, he has created numerous safe deposit operations, security and compliance forms, manuals, brochures, etc., which are now considered the financial industry standard.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Compliance