Education & Events
Handling Dormant Accounts, Unclaimed Property & Escheatment
June 5, 2019, 3:00 - 4:30 pm
Dormant accounts and unclaimed property pose unique, and often complicated, problems for financial institutions. Procedures and practices regarding dormant accounts and unclaimed/abandoned property in safe deposit boxes have come under attack by both consumers and state agencies that 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, unclaimed property, and escheatment. 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 in the handout.
- What is the difference between unclaimed and abandoned property?
- What are your institution’s responsibilities under the Uniform Unclaimed Property Act?
- What is considered a dormant account?
- When is it permissible to impose dormant account fees?
- What notice must be given to the
- Can a borrower’s active loan relationship serve as
contactfor a dormant account or safe deposit relationship?
- What are the best procedures for escheating the contents of a safe deposit box?
- TAKE-AWAY TOOLKIT
- Contact information for the unclaimed property administrators in every state
- Employee training log
- NEW – Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
Personal Accounts: Ownership, Authorization, Titling & Documentation
Wednesday, October 30, 2019
Closing or Changing Accounts for Consumers & Businesses
Wednesday, November 6, 2019
ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane 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.
WHO SHOULD ATTEND
This informative session is designed for staff involved with dormant accounts and unclaimed/abandoned property, including deposit operations personnel, safe deposit box staff, service representatives, compliance officers, auditors, attorneys, and managers.
$255.00 Single Location
$155.00 Each Additional Location
Recorded Webinar & Free Digital Download
Premiere Package (Live & Recorded Webinar with Free Digital Download)
If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or email@example.com
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.