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Webinar: Responding to Official Demands for Member Funds: Subpoenas, Garnishments, Summonses, Levies

Has your credit union implemented proper procedures for handling garnishments, subpoenas, summonses, and levies? Most credit unions deal with these official legal documents daily, but many do so without the proper training. This webinar will explain these complicated legal issues and the situations when documents may be served on the credit union. Join us to understand how to handle legal processes, such as identifying accounts, placing account holds, answering interrogatories, notifying the member, and remitting funds. The final rules regarding garnishment procedures that became effective on June 28, 2013, for accounts containing federal benefit payments will also be addressed.

HIGHLIGHTS

  • What financial privacy restrictions are imposed when responding to these official legal documents?
  • How do you know if it is an official document or a fake?
  • What risks are imposed on the credit union?
  • When are you required to notify the member?
  • What if your credit union holds a security interest in the funds?
  • What if an account is held by more than one member or held by a trust, sole proprietorship, corporation, etc.?
  • What are the special garnishment procedures for accounts containing federal benefit payments?

 

  • TAKE-AWAY TOOLKIT
    • Official Guidelines for Garnishment of Accounts Containing Federal Benefit Payments issued by the Department of the Treasury
    • Sample notice form to be sent to accountholders
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND?

This informative session will be useful to deposit operations personnel, member service representatives, tellers, compliance personnel, auditors, and managers.

Please note:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne 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.  She is a member of the Missouri State Banking Board by appointment of the Governor.

THREE REGISTRATION OPTIONS

Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.

1.  LIVE WEBINAR

The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, PIN number, and handouts will be emailed to you prior to the broadcast.  You will need the most-current version of Adobe Reader available free at www.adobe.com.

Convenient!

Listen to the
archived webinar on your

iPad

iPhone

Android

Instructions will be emailed with the archived webinar link.

2.  ARCHIVED WEBINAR & FREE CD ROM*

Can’t attend the live webinar? The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link. This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the archived webinar or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the webinar. Neither will be available after this time.

3.  BOTH LIVE WEBINAR & ARCHIVED WEBINAR (INCLUDES FREE CD ROM*)

Options 1 and 2 described above

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

CD ROM is for Mac and PC use only

*This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register: https://mcua.fed.cuwebtraining.com/store/webinar

April 16th, 2014 2:00 PM   through   3:30 PM
United States

Event Info

When

April 16th, 2014 2:00 PM   through   3:30 PM

Where

United States

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