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Top 25 Safe Deposit Legal and Compliance Issues - Overview of State and Federal Regulations
October 16, 2024
Questions regarding deceased renters, payable-on-death clause, living trusts, court orders, Servicemembers Civil Relief Act, USA Patriot Act, suspicious activity reports, power of attorneys, Americans with Disabilities Act, past due boxes, abandoned property and many other legal and compliance issues have caused great concern and confusion for the safe deposit industry. At this workshop you will receive current information about all these issues and an in-depth explanation about how they impact your financial institution and your safe deposit box renters.
Covered Topics include:
- Does “Beneficial Ownership of Legal Entities” regulation apply to business boxes?
- What “SEVEN” past due fees should be collected for delinquent box renters?
- Who can legally access and remove contents from a deceased renter’s box?
- Does the Servicemembers Civil Relief Act (SCRA) apply to past due boxes?
- Specific Take-aways: This program identifies many mistakes that will create liability.
- Many compliance and due diligence steps to consider.
- Current litigation examples will be provided. How to avoid costly mistakes and avoid significant lawsuits.
BONUS Material:
- Final exam to test and review your compliance knowledge,
- Provide Sate Deposit Report Card to audit your procedures.
- Website location with over 80 safe deposit box resources.
Date & Time
October 16, 2024 | 10am - 12pm
Early
Standard
Late
$530.00
Agenda
Speakers
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David McGuinn
<p>David P. McGuinn, President of Safe Deposit Specialists, is a former banker with fifty years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 350,000 safe deposit employees and managers and has served the industry as President of 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 of America, National Association of Federal Credit Unions and over 100 other nationwide financial associations. He has been interviewed by The New York Times, Wall Street Journal, Money Magazine, New York Magazine, Reader’s Digest, Fortune Magazine, Associated Press, National Public Radio (NPR), Canadian Broadcasting Corp. (CBC), British Broadcasting Corp. (BBC), AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, ABC, FOX, NBC Nightly News, Inside Edition, Crime Watch and Court TV on current safe deposit issues. McGuinn has created numerous training programs and his Regulatory/Compliance Manual, Policy and Procedures Handbook, Audit Manual and Fire & Flood Disaster Recovery manuals are now the accepted standard for the financial industry.</p>
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Safe Deposit Specialists | - |