On a daily basis, a financial institution is served with a multitude of legal documents. These documents can order your financial institution to produce confidential customer information, hold depositor funds, and even seize property in its possession belonging to the customer.
We will discuss how to handle these situations. If you find these documents confusing and intimidating, attend this multi-state seminar to learn best practices for dealing effectively with these documents and the parties who serve them.(Please note: this webinar does not cover procedures required by specific state laws.)
What You’ll Learn
- Distinguish the legal differences between subpoenas, summonses, levies, garnishments, writs of attachment, and warrants
- Understand what financial institutions must know about the Right to Financial Privacy Act, the Financial Privacy Act, and related laws and regulations
- Properly verify customer information when responding to subpoenas, garnishments, and levies
- Determine whether IRS tax levies attach to special accounts, such as IRAs, HSAs, and escrow accounts
- Follow required procedures for responding to garnishments of federal benefit payments
- Utilize helpful tools and resources to support accurate, compliant responses to legal orders
Who Should Attend
This session is ideal for compliance officers, legal counsel, and financial institution personnel who process legal documents served on institutions.