Sixty (60) Critical Steps For Handling Delinquent and Abandoned Safe Deposit Boxes

Course/Product Description
Title:	Sixty (60) Critical Steps For Handling Delinquent and Abandoned Safe Deposit Boxes
SKU:	WC-1033227
Date / Time:	Recorded
Format:	Webcast
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Description:	Questions regarding the collection of past due box rent, drilling delinquent boxes, securing drilled and inventoried box contents, reporting abandoned property to state authorities and many other legal and compliance issues have caused concern and confusion for the safe deposit industry. In this webinar, you'll receive current information, step-by-step procedures, and an in-depth explanation about how to handle these issues and how they impact your financial institution and your safe deposit box renters. You'll receive clear, concise answers to complicated questions regarding your institution's responsibility and potential liability. You'll also learn about various compliance issues and current lawsuits relating to these issues. What You Will Learn: Why did 15 financial institutions get sued recently after drilling past due boxes? How does the Servicemembers Civil Relief Act (SCRA) apply to delinquent boxes? What would happen if all your unclaimed property was destroyed or disappeared? When are drilled box contents reported to your Unclaimed Property Department? Do you have any "Right of Offset" against a past due renter's deposit account? What seven past due fees should be collected from all delinquent box renters? What does the Unclaimed Property Department do with these box contents? Have there been any lawsuits caused by incorrect box drilling procedures? If cash is found in a drilled box can it be converted and mailed in a check? How do you handle dangerous or illegal contents found in a drilled box? Can you sell these box contents and recover your collection expenses? Who must be present when a past due box is drilled in most states? Can you report a past due box renter to a credit-reporting agency? What careful wording should be used in a FINAL past due notice? What should you do if money, guns or drugs are found in a box? What is the required retention period for drilled box records? Can you legally restrict box access to a delinquent renter? Must these boxes be drilled before reporting to the state? What should you do if you drill the wrong past due box? Who Should Attend: Security and compliance officers, vault supervisors and attendants, branch managers, auditors, training directors, new account personnel and your in-house legal counsel. About The Presenter: David P. McGuinn, President of Safe Deposit Specialists, is a former banker with 45 years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 250,000 safe deposit personnel since 1969, and has served the industry as President of AIB and the American, Texas and Houston Safe Deposit Associations. Dave is a featured speaker for the American Bankers Association's TV network and has been interviewed by the Wall Street Journal, Banking-New York, Washington Post, Money Magazine, New York Magazine, Associated Press, AARP, National Public Radio, FDIC, CUNA, CNN, CBS, ABC, NBC Nightly News and Court TV on current safe deposit issues. McGuinn has created numerous training programs and his Safe Deposit Policy and Procedures Handbook, Regulatory/Compliance manual, products, brochures and training seminars are now the accepted standard for the financial industry. Cannot Attend The Live Presentation? This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.
About Webcasts / Audio Conferences / Podcasts:	Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions. The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends! And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office. Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
Licenses / Designations / Educational Credits:	CEU
About The Provider:	Your Partner for Ensuring an Engaged, Compliant Workforce Financial institution regulations are constantly changing. That means preparing your team needs continual attention, including the frontlines, compliance team, executive leadership and board of directors. Wouldn’t life be easier if you had one place to go for all your compliance and professional education needs? You’ll find what you need from OnCourse Learning. We bring you: 40+ Years of Experience 600+ Engaging Online Courses 450+ Live & OnDemand Webinars Webinar Descriptions, BankWebinars.com: Live Session: Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for 30 days following the event. This will allow a flexible alternative when last-minute conflicts intrude on scheduled events. Live + OnDemand: Includes two of the options above. Live session and 365 days access to On-Demand weblink plus a link to handouts. Live + OnDemand & CD: Includes all three options above. Live Session, 365 days of OnDemand, and CD-ROM plus handout links.
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