Wednesday
Jan 29
2020

Advanced Issues in Dormant Accounts, Unclaimed Property & Escheatment

Registration Options & Pricing

Please select your membership status.


Live Webinar Includes

  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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Webinars
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10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Dormant accounts and unclaimed property cause unique – and often complicated – problems for financial institutions. Learn the dos and don’ts of escheatment.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand your institution’s responsibilities under the uniform unclaimed property laws
  • Determine when an account is deemed “dormant” and when it is permissible to impose dormancy fees
  • Distinguish between unclaimed and abandoned property and which property must be escheated to the state
  • Identify when an active loan relationship can keep an account from becoming dormant
  • Select the best alternative for escheating cashier’s checks
  • Analyze the best procedures for escheating safe deposit box contents
  • Determine the states in which your institution is obligated to escheat property

WEBINAR DETAILS

Procedures and practices regarding dormant accounts and unclaimed property in safe deposit boxes have come under attack by both consumers and state agencies that are entitled to escheatment. This webinar will explain the Uniform Unclaimed Property Act and the tools that every institution needs to evaluate its practices regarding dormant accounts and unclaimed property. There will be a quick review of the basic rules before focusing on more advanced issues. Since escheat laws vary, this webinar will not cover state-specific escheat laws. However, you will be able to find your state-specific escheat laws by using the contact information provided.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for staff involved with dormant accounts and unclaimed property, including deposit operations personnel, safe deposit box staff, service representatives, compliance officers, auditors, and managers.

TAKE-AWAY TOOLKIT

  • Contact information for the unclaimed property administrators in every state
  • Employee training log
  • Interactive quiz

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Spencer Fane LLP
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