You’ve Been Served: Best Practices in Processing Subpoenas, Garnishments, and IRS Tax Levies
On a daily basis, a financial institution is faced with having to comply with a multitude of legal documents that are served on it. These documents can order your financial institution to produce confidential customer information, hold depositor funds, and can even order it to seize property in its possession belonging to the customer. We will discuss how to handle these situations. This webinar does NOT discuss the procedures mandated by particular state laws.
If you find these documents confusing and intimidating, attend this multi-state seminar to learn the best practices of how to deal effectively with these documents and the parties who serve them upon you.
What You’ll Learn
- Legal differences among 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, like individual retirement accounts, health savings accounts, and escrow accounts
- An overview of procedures for answering garnishments of federal benefit payments
Who Should Attend
Compliance officers, legal counsel, and financial institution personnel who process legal documents served on financial institutions will find this information helpful.
Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.
Thomas has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.
Receiving her Bachelor of Arts degree from Kansas State University in 1985, Thomas continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.
- Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
- Available Upgrades:
- 12 Months OnDemand Playback + $110
- 12 Months OnDemand Playback + CD + $140
- Additional Live Access + $85 per person