OnCourse Learning: Dealing with Subpoenas, Summonses, Garnishments & Tax Levies

on "February 04, 2021 1:03 pm"

On a daily basis, a credit union is faced with having to comply with a multitude of legal documents that are served on it. These documents can order your credit union to produce confidential customer information, hold member funds, and can even order it to seize property in its possession belonging to the member.

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Dealing with Subpoenas, Summonses, Garnishments & Tax Levies
Tuesday, February 23, 2021

6:00 am -7:30 am HST • OnDemand playback is included

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If you find these documents confusing and intimidating, attend this multi-state seminar to learn the best practices of how to deal effectively with these documents and the parties who serve them upon you.

Covered Topics

  • Legal differences among subpoenas, summonses, levies, garnishments, writs of attachments, and warrants
  • What your credit union should know about the Right to Financial Privacy Act, the Financial Privacy Act, and similar laws and regulations
  • Verifying member information when complying with subpoenas, garnishments, and levies
  • Best practices that can be applied when processing these legal documents
  • Helpful resources to assist your credit union when complying with these orders
  • Whether garnishments and IRS tax levies will attach to special accounts, like individual retirement accounts, health savings accounts, and escrow accounts.

Who Should Attend?

Compliance officers, legal counsel, and personnel who process garnishments, levies, and other legal documents served on the credit union.

About The Presenter

Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.

Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.