Top 25 Safe Deposit Legal & Compliance Issues


$295.00

Presented by: Dave McGuinn

                 
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Improve Your System:
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 have caused great concern and confusion for the safe deposit industry. At this workshop you will receive current information about all these issues and an in-depth explanation about how they impact on your financial institution and your safe deposit box renters.

David McGuinn, a former Sr. Vice President/Cashier, and nationally known safe deposit expert, will provide clear concise answers to complicated questions regarding your institution's responsibility and potential liability. He will also identify and discuss various state and federal compliance issues relating to each legal topic.

What You Will Learn:
Get answers to the following questions and establish internal procedures to comply with your own safe deposit requirements.

  • Does the "Beneficial Ownership of Legal Entities" law apply to business boxes?
  • What "SEVEN" past due fees can be collected from a delinquent box renter?
  • Who can legally access and remove contents from a deceased renter's box?
  • Does the Servicemembers Civil Relief Act (SCRA) apply to past due boxes?
  • Can you title a lease as a "living trust" or add a "payable of death" clause?
  • What seven suspicious safe deposit transactions always trigger a SAR?
  • How does the USA Patriot Act affect all safe deposit areas nationwide?
  • What should we do if dangerous contents are found in a past due box?
  • What BSA & SAR violations are compliance examiners finding today?
  • When are box contents sent to the Unclaimed Property Department?
  • How can poor box drilling procedures make a box renter very rich?
  • Do you have "Right of Offset" against a past due renter's account?
  • 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?
  • How does the American with Disabilities Act affect safe deposit?
  • How should you answer a renter's questions about insurance?
  • Should a power of attorney be used to enter a renter's box?
  • Can renters legally store money, guns, or drugs in a box?
  • Who must be present when a past due box is drilled?
Who Should Attend?
This informative program is designed to update safe deposit supervisors, vault attendants, cashiers, branch managers, compliance & security officers, auditors, training directors, new account personnel and your in-house legal counsel.

About the Speaker: 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 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, Money Magazine, New York Magazine, Associated Press, National Public Radio, AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, ABC, NBC Nightly News and Court TV on current safe deposit issues. McGuinn has created numerous audio and web training programs and his Safe Deposit Policy and Procedures Handbook, Regulatory/Compliance Manual and other safe deposit products and resources are now the accepted standard for the financial industry.

This program was recorded in its entirety in August 2021. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_safedeposit0821
  • Manufactured by: Glia Group, Inc.


This product was added to our catalog on Tuesday 06 July, 2021.

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