Course description

Signature Card Legal and Compliance Issues

Signature Card Legal and Compliance Issues

Get a legal and regulatory update on compliance issues associated with the use of deposit account signature cards. This topic will cover the legal and regulatory compliance issues associated with the use of deposit account signature cards. We will cover the reasons why signature cards are used, and some of the nuances associated with their proper completion. The topic will also cover many of the operational and compliance challenges that financial institutions are currently facing with emerging technologies – such as online deposit account opening – and what should be considered regarding signature cards in these new processes.

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Who should attend?

This live webinar is designed for tellers, personal bankers, business bankers, presidents, vice presidents, branch managers, loan officers, loan department personnel, credit and collection managers, controllers and attorneys.

Training content

  • Overview
  • What Are Signature Cards?
  • Highlight of Issues to Be CoveredLegal Purposes of the Signature Card
  • Permissions Language–Federal and State Consumer Reporting Requirements–Issues Associated With Timing and Potential Adverse Action
  • TIN Certification–Brief Discussion of IRS Rules Regarding TIN Certification–Possible to Obtain in Other Forms?–Requirements to Obtain TIN Certification Electronically (IRS Announcement 98-27)
  • Deposit Insurance–FDIC/NCUA Record Keeping Requirements–Special Rules Under Emerging Technologies (Joint Accounts)
  • Signature Verification–Liability Standards Under UCC § 4-406–Operational Challenges and Legal Benefits of an "Exception Item Queue" and Role of Signature Card in Such Review–Discussion of American Bankers Association White PaperIssues Caused by Emerging Technologies
  • Online Account Opening
  • Document Retention and Scanning of Signature CardsWrap-up

Costs

The cost of this Signature Card Legal and Compliance Issues live webinar is $219 per participant.

About Lorman Education Services

Lorman Education Services

Lorman Education Services - Live and On-Demand Webinars

With more than 27 years spent educating over 1.4 million professionals, Lorman has the experience and expert instructors you need to stay ahead no matter the position or profession. Search from the many courses listed here or contact the customer...


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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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