Program Description:
Questions regarding the “New” Suspicious Activity Report, USA Patriot Act, deceased renters, past due boxes, abandoned property, payable-on-death clauses, living trusts, power of attorneys, Americans with Disabilities Act, and many other legal and compliance areas have caused great concern and confusion for the safe deposit industry. At this workshop you will receive current information about all of these issues and an in-depth explanation about how they impact your financial institution and your safe deposit box renters.
This two-hour course covers:
- How does the Patriot Act affect safe deposit boxes?
- Can a safe deposit contract be set up as a living trust?
- Is it illegal to store money or guns in a safe deposit box?
- How can adding a “payable on death” clause get us sued?
- Should a power of attorney be used to enter a renter’s box?
- How should you answer a renter’s question about insurance?
- Who can legally enter a deceased renter’s box in most states?
- What do drug enforcement officers need to legally enter a box?
- How does the American with Disabilities Act affect safe deposit?
- What amount of safe deposit liability insurance should you carry?
- In most states who must be present during a past due box drilling?
- When are box contents sent to the Unclaimed Property Department?
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
This informative program will benefit safe deposit supervisors, vault attendants, compliance officers, auditors, security officers and your in-house legal counsel.
Presenter:
David P. McGuinn, President of Safe Deposit Specialists, speaks nationwide for financial associations in more than 40 states. Dave is often referred to as the safe deposit “GURU” of the United States. He is a former Senior Vice President and Cashier with over 30 years of banking experience and has trained over 100,000 safe deposit employees. He has served the safe deposit industry as President of the American, Texas and Houston Safe Deposit Associations.
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