Email to Order Recording + Free Digital Download
How important is that account signature card? Believe it or not, that simple card operates as a contract! It specifies who owns the account (a matter of great importance), their roles and responsibilities (are they an owner, an authorized signer, a fiduciary?), and whether it is an account for a natural person or a non-natural person (which dictates whether certain consumer protection laws and regulations apply). The signature card provides the documentation needed when conflicts arise between the parties or if there is a dispute between the account parties and your institution. It is also necessary when handling decedent accounts, when levies or other legal processes are received, and so much more!
HIGHLIGHTS
The need for having specific signature cards for different types of situations such as individual and joint ownership vs. formal trust accounts vs. business accounts and accounts held in a fiduciary capacity
Ramifications of incomplete or conflicting information on signature cards
Which laws and regulations apply to various types of accounts
Differentiate between owners and other signers on accounts, such as fiduciaries and authorized signers
Proper steps for removing signers, adding signers, and other account changes
What the IRS says about W-9 certification of taxpayer identification numbers
TAKE-AWAY TOOLKIT
Spreadsheet of account ownership types and various requirements
W-9 requirement instructions
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS THIS RELATED ARCHIVED WEBINAR!
Risks & Precautions for Endorsements & Other Negotiable Instruments
Held on Wednesday, July 27, 2016.
You can order an archive of the live webinar, complete with handout materials.
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? New accounts personnel, branch managers and supervisors, compliance staff, auditors, and staff handling account inquiries and changes.
ABOUT THE PRESENTER – Mary-Lou Heighes, Compliance Plus, Inc., President and founder, has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country. Involved with financial institutions since 1989, Mary-Lou has over 20 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
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