Member: $265
Non-Member: $465
Speaker: Dave McGuinn, Safe Deposit Specialists
This recording is from a 1-day instructor led program held on May 11 via Zoom. Recordings are 2 MP4 links. Electronic materials will be sent as well.
Top 50 “Most Important” Operating Procedures:
The safe deposit operation is a unique, fast-changing service in the financial industry. It is the only product or service in which your staff members do not know the value of a consumer's assets. As a result, every vault transaction can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This seminar covers the "nuts and bolts" and the recommended day-to-day operating procedures for your institution.
- Can box keys be duplicated using silly putty and epoxy glue?
- Will your part-time attendant make a good courtroom witness?
- Do you follow the ten necessary steps when granting box access?
- Do you have at least ten items included in your new box renter's kit?
- Can FDIC insurance signs, logos or brochures create safe deposit liability?
- And much more...
Top 25 Safe Deposit Legal & Compliance Issues: (Overview of Your Current State and Federal Regulations)
Questions regarding deceased renters, payable-on-death clause, living trusts, court orders, Servicemembers Civil Relief Act, USA Patriot Act, Suspicious Activity Reports, power of attorneys, Americans with Disabilities Act, past due boxes, abandoned property, and many other legal and compliance issues that have caused great concern and confusion for the safe deposit industry. You will receive current information about all these issues and an in-depth explanation of how they impact your financial institution and your safe deposit box renters.
- Does the new “Beneficial Ownership of Legal Entities” regulation apply to business boxes?
- Are you aware of the seven suspicious safe deposit box transactions that trigger a SAR?
- Do you know what identification must be provided to access a deceased renter’s box?
- Are you collecting the “SEVEN” drilled box fees from all your delinquent box renters?
- Do you file a SAR if suspicious items are found during any drilled box inventory?
- And much more...