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. (This webinar does not discuss the procedures mandated by particular state laws.)
What You'll Learn:- Legal differences between subpoenas, summonses, levies, garnishments, writs of attachments, and warrants
- What your financial institution should know about the Right to Financial Privacy Act, the Financial Privacy Act, and similar laws and regulations
- Verifying customer information when complying with subpoenas, garnishments, and levies
- Helpful resources to assist your financial institution when complying with these orders
- Whether IRS tax levies will attach to special accounts, such as individual retirement accounts, health savings accounts, and escrow accounts
- An overview of procedures for answering garnishments of federal benefit payments
