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Signature Cards: Liability and Compliance Webinar

Is your signature cards contract a “friend” or a “foe”? It depends on your understanding of the account agreement or contract. The relationship that we enter with the account holder that protects both them and us is very important to the success of the relationship. But many times, lack of understanding of account ownership and legal issues causes the contract to end up in court and customers to end up at odds with the financial institution. What are the danger zones? How can we avoid them? Your signature cards can be used in financial institution’s failures to determine insurance and that alone makes it of critical importance. This may be the most important new accounts program you will ever participate in to understand how to use your contract properly.

Highlights:

•Basic componenents of signature cards
•Danger Zone #1 Altering contracts
•Danger Zone #2 Ownership issues on single party accounts
•Authorized signers, cards without signatures
•Removing joint owners and changing signers
•Joint accounts with mixed conjunctions
•What happens when you forgot to check the box
•State requirements of rights at death and initialing type of ownership
•POD accounts without beneficiaries
•Power of attorney’s changing ownership to benefit his or herself
•UTMAs with authorized signers? UTMA with joint owners?
•Learning more about the old style “Minor by” accounts
•What is my job on the contract as withholding agent?

Who Should Attend?

All new account representatives, branch managers, branch administration, training, compliance and security personnel.

Instructor:  Deborah Crawford is the President of gettechnical inc.

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

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