Lender Policies and Procedures for Subpoenas, Summons and Third-Party Demand Requests

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Lender Policies and Procedures for Subpoenas, Summons and Third-Party Demand Requests

Lender Policies and Procedures for Subpoenas, Summons and Third-Party Demand Requests

You are sitting in your office and a subpoena arrives from a state agency or a regulator – do you know what to do? Financial institutions receive numerous requests and demands for financial information from government agencies, regulatory bodies and private parties in matters both civil and criminal. While failure to comply with such demands poses substantial risks of civil and criminal penalties, financial institutions must be cognizant of the competing obligation to protect the privacy interests that their customers maintain in the financial information sought. It is critical for financial institutions to have policies and procedures in place for processing and responding to subpoenas, summons and third-party demands. This topic will provide lenders, their in-house counsel and outside counsel with best practices to employ in processing and responding to various demands for financial information. This material discusses the obligations of the lender to both the requesting party and its customers, and it further explains how lenders can identify its obligations and risks associated with compliance. This material will help you to understand how financial institutions can increase efficiency and reduce the risks of noncompliance, by implementing the appropriate policies and procedures in responding to third-party demands.

Learning Objectives

  • You will be able to define the duties and obligations of the financial institution to protect privacy and maintain confidentiality of financial information.
  • You will be able to discuss the fundamental legal considerations of responding to third-party demands for financial information.
  • You will be able to explain the practical issues faced by financial institutions when gathering documents and responding to subpoenas.
  • You will be able to recognize the appropriate policies and procedures for financial institutions in processing and responding to third-party demands.

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    Who should attend?

    This live webinar is designed for attorneys, presidents, vice presidents, branch managers, loan officers, loan department personnel, credit and collection managers, controllers, business executives, accountants and real estate professionals.

    Training content

    • Third-Party Requests and Demands
    • Subpoenas
    • Summons
    • Garnishments
    • IRS Levies
    • Informal RequestsPrivacy Considerations – Know Your Obligations
    • Right to Financial Privacy Act (RFPA)
    • Banking Secrecy Act and Anti-Money Laundering (BSA/AML)
    • Gramm-Leach-Bliley Act (GLBA)
    • The USA PATRIOT ActResponding to Subpoenas – Best Practices
    • Subpoena Response Unit
    • Subpoena Intake and Risk Evaluation
    • Subpoena Tracking
    • Documenting Response Efforts
    • Practical IssuesProcessing Summonses
    • Financial Institution as a Party
    • IRS Summons
    • Summons Tracking
    • Practical IssuesProcessing Garnishments and Tax Levies
    • Issuance and Critical Information
    • Processing Steps
    • Practical Issues and Traps for the Unwary

    Costs

    The cost of this Lender Policies and Procedures for Subpoenas, Summons and Third-Party Demand Requests live webinar is $219 per participant.

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    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

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