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Safe Deposit -- compliance issues

Recorded on November 29, 2016

In this webinar, you will get answers to the following questions so you can establish internal procedures to effectively manage your safe deposit operations in compliance with applicable laws.

  • Who can legally access and remove contents from a deceased renter's box?
  • Does the Servicemembers Civil Relief Act apply to past due boxes?
  • Can you title a lease as a "living trust" or add a "payable of death" clause?
  • What seven suspicious safe deposit transactions always trigger a SAR?
  • How does the USA PATRIOT Act affect all safe deposit areas nationwide?
  • What BSA & SAR violations are compliance examiners finding today?
  • What should we do if dangerous contents are found in a past due box?
  • When are box contents surrendered as abandoned property?
  • In most states who must be present when a past due box is drilled?
  • How can poor box drilling procedures make a box renter very rich?
  • Do you have "Right of Offset" against a past due renter's account?
  • What past due fees can be collected from a delinquent box renter?
  • Can you report a past due box renter to a credit-reporting agency?
  • What amount of safe deposit liability insurance should you carry?
  • What careful wording should be used in a FINAL past due notice?
  • How does the American with Disabilities Act affect safe deposit?
  • How should you answer a renter's question about insurance?
  • Should a power of attorney be used to enter a renter's box?
  • Can renters legally store money, guns or drugs in a box?

Who Should Attend:

This informative program is designed to update safe deposit supervisors, vault attendants, cashiers, branch managers, compliance officers, auditors, training directors, new account personnel and your in-house legal counsel

Webinar Reviews: 

kockenfels - Great!

pjrando - Very informative.

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