Powers of Attorney In-Depth: Good Faith, Fraud & Fiduciary Capacity
StreamedJul 20, 2022Duration90 minutes
See Registration Options
- Unlimited & shareable access starting
two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Powers of attorney are complex legal documents that can wield a broad array of authority.
Your team must be conversant with POAs, be alert for fraud and good faith issues – and know when to seek legal counsel. With so much at stake, this timely program is a must!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Distinguish among the various types of power of attorney documents (durable, springing, limited, military, etc.) and when they can be used
- Understand the fiduciary duties owed by the attorney-in-fact and what actions he/she can and cannot take
- Explain the difference between an attorney-in-fact, a representative payee, and an authorized or convenience signer
- Recognize the red flag indicators of possible fraud by the attorney-in-fact
- Realize when your institution can be held liable even when the attorney-in-fact acted in good faith
- Take steps to reduce risk of loss from powers of attorney
Powers of attorney are used to transact business with your financial institution daily. If each situation isn’t handled properly, your institution can be exposed to significant risks of loss if the attorney-in-fact intentionally (or innocently) acts outside the scope of his/her authority. Dealing with the attorney-in-fact is substantially different from dealing with the actual accountholder. This webinar will explain everything you need to know when dealing with powers of attorney.
WHO SHOULD ATTEND?
This informative session will be useful to both deposit and loan operations staff, including new accounts personnel, loan documentation staff, loan officers, tellers, attorneys, compliance personnel, auditors, and managers.
- Checklist of important questions to ask when accepting a power of attorney
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
"I have a better understanding of POA and will be implementing some of her suggestions into our Corporate Policy. Excellent presentation for POA and the different types out there. I especially liked that the presenter had real life examples to talk about."
-Julirey, Houston Texas Fire Fighters FCU
"I learned a lot from this webinar being a bit new to Collections and Repossessions. Highly recommend to anyone that works in Collections. The speaker was very knowledgeable and kept it interesting and not boring."
-Nichole, Breakwater Federal Credit Union
Spencer Fane LLP
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