Garnishments, Levies, and Subpoenas Training for Your Front Line and Back Office (2/13/25)
Garnishments, Levies, and Subpoenas Training for Your Front Line and Back Office (2/13/25)
Library:
Customer-facing and back-office staff get garnishments, subpoenas, summonses, and levies in connection with regulatory enforcement actions and government investigations. There are questions as to how employees should address requests.
Instructor
Terri Sands
Credit Hours:
Date & Time
Feb 13, 2025, 5:00 pm EST
Duration
1 HR
Standard Price:
Included With Membership
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Description
Instructor
Federal law requires banks to periodically reassess their garnishment procedures. Financial institutions have a responsibility to determine where funds originated and if those funds are exempt from garnishment or levy.
Customer-facing and back-office staff frequently receive garnishments, subpoenas, summonses, and levies in connection with regulatory enforcement actions and government investigations. Depending on the nature of the inquiry, there are several questions as to how bank employees should address these requests.
This Course reviews best practices for financial institutions and covers:
- The basics for understanding a garnishment, levy and subpoena
- How these items are issued and the response expectations from a financial institution
- Financial institutions’ responsibility in responding to authorities
- Identifying exempt and non-exempt funds for a garnishment
Who Should Attend:
- Risk Managers
- Operations Managers
- Compliance Managers
- Executive Management
- In-house Legal Staff
