Powers of Attorney In-Depth: Good Faith, Fraud & Fiduciary Capacity

Collections Compliance Frontline & New Accounts IRA Lending Operations Security & Fraud

On-Demand Webinar

StreamedJul 20, 2022Duration90 minutes

Unlimited & shareable access starting
two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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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.