Powers of Attorney In-Depth: Good Faith, Fraud & Fiduciary Capacity
July 20, 2022
Live Webinar
DateJul 20, 2022Duration90 minutes
08:00 AM PDT09:00 AM MDT
10:00 AM CDT11:00 AM EDT
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar
- Unlimited and shareable access
two business days after live streaming - Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Powers of attorney are complex legal documents that can wield a broad array of authority.
Your team must be conversant
with POAs, be alert for fraud and good faith issues – and know when to seek
legal counsel. With so much at stake,
this timely program is a must!
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Distinguish among the various types of power of attorney documents (durable, springing, limited, military, etc.) and when they can be used
- Understand the fiduciary duties owed by the attorney-in-fact and what actions he/she can and cannot take
- Explain the difference between an attorney-in-fact, a representative payee, and an authorized or convenience signer
- Recognize the red flag indicators of possible fraud by the attorney-in-fact
- Realize when your institution can be held liable even when the attorney-in-fact acted in good faith
- Take steps to reduce risk of loss from powers of attorney
WEBINAR DETAILS
Powers
of attorney are used to transact business with your financial institution daily. If each situation isn’t handled properly, your
institution can be exposed to significant risks of loss if the attorney-in-fact
intentionally (or innocently) acts outside the scope of his/her authority. Dealing with the attorney-in-fact is
substantially different from dealing with the actual accountholder. This webinar will explain everything you need
to know when dealing with powers of attorney.
WHO SHOULD ATTEND?
This informative session will be useful to both
deposit and loan operations staff, including new accounts personnel, loan
documentation staff, loan officers, tellers, attorneys, compliance personnel,
auditors, and managers.
TAKE-AWAY TOOLKIT
- Checklist of important questions to ask when accepting a power of attorney
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your agency is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Spencer Fane LLP
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