Handling Garnishments, Levies & Subpoenas: A Legal Compliance Toolkit

Financial institutions receive a wide variety of legal documents, such as subpoenas, summonses, garnishments, and levies. Responding incorrectly can expose your institution to significant legal, regulatory, and financial risk. Responding too slowly can be just as problematic. This webinar will explain these legal processes and the situations in which these legal documents can be served on your institution. In addition, we will discuss the steps necessary to properly handle these legal documents, such as determining what information can and can’t be disclosed, identifying accounts, placing account holds, answering interrogatories, notifying the accountholder, and remitting funds. You will also learn the special requirements and procedures for accounts that receive federal benefit payments.