If an individual account is opened in Tennessee but the customer's address is in West Virginia, and the customer dies without an estate representative named, which state code do we follow as far as the amount the financial institution pays out for funeral expenses, medical expenses, surviving spouse and next of kin?
We ran a contest and no prize was over $300. We didn’t need to collect non-public private information from the winners since the prizes were small, did we?
What can we do about a dated and outstanding expense check which is less than $50.00? We cannot locate the payee (an individual).
I have been told the recent $500,000 threshold increase for real estate evaluations applies ONLY to commercial property. Is that correct?
We occasionally have customers who request to remove a joint owner from an account. We don't do this unless the other customer being removed is deceased. We have learned that some banks will allow this. What is your take on this topic?