Handling Garnishments, Levies & Subpoenas: A Legal Compliance Toolkit
Every legal document demands the right response the first time. Learn how to confidently handle garnishments, levies, subpoenas, and other legal documents while protecting your institution from costly compliance mistakes and legal risk.
KEY WEBINAR TAKEAWAYS
- Financial privacy restrictions imposed on your institution when responding to subpoenas and summonses
- Your institution’s legal responsibilities in processing garnishments and levies
- Special procedures for accounts containing federal benefits
- How to attach a joint account or account held by a trust, sole proprietorship, corporation, or other entity
BONUS MATERIALS
- Sample notice form to be sent to accountholders
- Garnishment decision tree
WEBINAR DETAILS
Financial institutions receive a wide variety of legal documents, such as subpoenas, summonses, garnishments, and levies. Responding incorrectly can expose your institution to significant legal, regulatory, and financial risk. Responding too slowly can be just as problematic. This webinar will explain these legal processes and the situations in which these legal documents can be served on your institution. In addition, we will discuss the steps necessary to properly handle these legal documents, such as determining what information can and can’t be disclosed, identifying accounts, placing account holds, answering interrogatories, notifying the accountholder, and remitting funds. You will also learn the special requirements and procedures for accounts that receive federal benefit payments.
