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Official Demands Part 2: Handling Garnishments, Levies & Judgment Liens

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.

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Type of Event
On Demand Webinar

Who Should Attend
  • On-Demand Webinars
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Description

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.

Learning Objectives 

  • What are your institution’s legal obligations to respond to garnishments, levies, and judgment liens
  • When 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 account?
  • 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 accountholder?

Speaker

Elizabeth Fast, Spencer Fane LLP

Investment

$259.00