Event Calendar

Thursday, September 9, 2021

Dormant Accounts, Unclaimed Property & Escheatment

Start Date: 9/9/2021 1:00 PM MDT
End Date: 9/9/2021 2:30 PM MDT

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

Dormant Accounts, Unclaimed Property & Escheatment 
1:00 pm – 2:30 pm MT

Unique, complex, and overseen by state regulators.  That’s what dormant accounts and unclaimed property are.  Every financial institution should have a rock-solid procedure for dealing with these accounts and escheatment to the state.  This webinar’s scenarios that will awaken you to the attendant challenges and best practices. 

  • Understand your institution’s responsibilities under the uniform unclaimed property laws
  • Determine when an account is deemed “dormant” and when it is permissible to impose dormancy fees
  • Distinguish between unclaimed and abandoned property and which property must be escheated to the state
  • Identify when an active loan relationship can keep an account from becoming dormant
  • Select the best alternative for escheating cashier’s checks
  • Determine the states in which your institution is obligated to escheat property
Dormant accounts and unclaimed property pose unique, and often complicated, problems for financial institutions.  Procedures and practices regarding dormant accounts and unclaimed/abandoned property in safe deposit boxes have come under attack by both consumers and state agencies that are entitled to escheatment.  This webinar will explain the Uniform Unclaimed Property Act and the tools needed to evaluate its procedures and practices regarding dormant accounts and unclaimed property.  There will be a quick review of the basic rules before focusing on more advanced issues.  Since escheat laws vary, this webinar will not cover state-specific escheat laws.  However, you will be able to find your state-specific escheat laws by using the contact information provided.
This informative session is designed for staff involved with dormant accounts and unclaimed property, including deposit operations personnel, safe deposit box staff, account service representatives, compliance officers, auditors, and managers.
  • Contact information for the unclaimed property administrators in every state
  • Employee training log
  • Interactive quiz
Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane 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.

1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. On-Demand Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.