Event Calendar

Thursday, September 5, 2019

Official Demands Part 2: Handling Garnishments, Levies & Judgment Liens

Start Date: 9/5/2019 1:00 PM MDT
End Date: 3/5/2020 2:30 PM MST

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Phone: 303-832-2000

Official Demands Part 2: Handling Garnishments, Levies & Judgment Liens
1:00 pm – 2:30 pm MT

Has your institution implemented proper procedures for the handling of garnishments, levies, warrants, and judgment liens?  Most institutions handle these complicated legal documents daily, but many do so without the proper training, which can expose the institution to significant liability. This webinar will explain all aspects of garnishments, levies, warrants, and judgment liens, and the situations in which they are served.  Join us to understand how to handle legal processes, such as identifying accounts, placing account holds, answering interrogatories, notifying the accountholder, and remitting funds.  You also will learn the special requirements and procedures for accounts that receive federal benefit payments.

  • What are your institution’s legal obligations to respond to garnishments, levies, and judgment liens?
  • When are you required to notify accountholders?
  • What if an account is held by more than one person or by a trust, sole proprietorship, corporation, etc.?
  • What if your institution holds a security interest or a right of setoff to the account?
  • Should an account with a line of credit be drawn on to satisfy the garnishment, levy, or lien?
  • Are there special procedures for accounts containing federal benefit payments?  How do you calculate the amount to protect for the accountholder?
    • Guidelines for Garnishment of Accounts Containing Federal Benefit Payments issued by the Department of the Treasury
    • Sample notice form to be sent to accountholders
    • Employee training log
    • NEW – Interactive quiz

This informative session will benefit deposit operations personnel, account service representatives, tellers, collectors, compliance staff, privacy officers, auditors, attorneys, and managers.

Continuing Education: Attendance verification for CE credits upon request.


This program is the second of two in a series
Official Demands Part 1: Handling Subpoenas, Summonses & Other Legal Process
Monday, August 5, 2019
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.

Elizabeth Fast, JD & CPA
Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the  representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.                                            

Online Registration

Registration is Closed
Closed: 3/5/2020 1:00 PM

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