Apr 2, 2024
Dormant accounts and unclaimed property pose unique, and often complicated, problems for financial institutions. Procedures and practices regarding dormant accounts and unclaimed/abandoned property have come under attack by state agencies which claim they are entitled to escheatment.
This webinar will explain the Uniform Unclaimed Property Act and the tools needed to evaluate its procedures and practices regarding dormant accounts and unclaimed property. It will quickly review the basic laws and then focus on more advanced issues. Since escheat laws vary, this webinar will not cover state-specific escheat laws. However, you will be able to find your state-specific escheat laws by using the contact information provided.
Tuesday April 2nd, 2024
11:00am - 12:00pm EST
TAKE-AWAY TOOLKIT
Contact information for the unclaimed property administrators in every state
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
Distinguish between when an account is deemed “dormant” for dormancy fee purposes versus escheatment purposes
Create procedures to keep an account from becoming abandoned property that must be escheated to the state
Understand when unclaimed and abandoned property must be escheated to the state
Explain your institution’s responsibilities under the uniform unclaimed property laws
Determine the states in which your institution is obligated to escheat property
Who Should Attend
This informative session is designed for staff involved with dormant accounts and unclaimed property, including deposit operations personnel, safe deposit box staff, account service representatives, compliance officers, auditors, and managers.
Elizabeth Fast
SPENCER FANE LLP
Live $255
On-Demand $255
Live + On-Demand $375
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380