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Sponsored by Lorman Education
Product ID: 409927EAU
 
Credit & Course Provided by:

Garnishment Order Compliance for Financial Institutions

OnDemand Webinar (63 minutes)

Understand the complex rulings that govern how we process garnishment orders.This course is designed for those responsible for complying with garnishment orders received against a debtor's financial institution account. The benefit of the course is to help you understand the complex rulings that govern how we process the order against the debtor's financial account. In addition, this course will give you valuable insight into how an account is viewed from the perspective of the financial institution and the industry-specific requirements. This material will answer those tough questions of how-to, when-to, and why. You will take away valuable information to ensure you are handling this complex subject correctly in your own organization.

Authors

Veronica B. King, CPP, PB, Pay-Pro Business and Consumer Resources

Agenda

Overview

• Definition of Financial Institutions in Relation to Garnishments

• Regulations

• Types of Payments

Required Procedures

• Receiving an Order

• Account Review

• Federal and State Benefits Exemption

Compliance and Record Retention

• Recordkeeping

• Other Legislative Rulings

Questions and Answers