Lender Policies And Procedures For Subpoenas, Summons And Third-Party Demand Requests
|Date / Time:
Financial institutions receive numerous requests and demands for financial information from government agencies, regulatory bodies and private parties in matters both civil and criminal. While failure to comply with such demands poses substantial risks of civil and criminal penalties, financial institutions must be cognizant of the competing obligation to protect the privacy interests that their customers maintain in the financial information sought.
It is critical for financial institutions to have policies and procedures in place for processing and responding to subpoenas, summons and third-party demands.
This webinar will provide lenders, their in-house counsel and outside counsel with best practices to employ in processing and responding to various demands for financial information. This material discusses the obligations of the lender to both the requesting party and its customers, and it further explains how lenders can identify its obligations and risks associated with compliance.
We will help you to understand how financial institutions can increase efficiency and reduce the risks of noncompliance, by implementing the appropriate policies and procedures in responding to third-party demands.
Third-Party Requests and Demands
Privacy Considerations – Know Your Obligations
- IRS Levies
- Informal Requests
Responding to Subpoenas – Best Practices
- Right to Financial Privacy Act (RFPA)
- Banking Secrecy Act and Anti-Money Laundering (BSA/AML)
- Gramm-Leach-Bliley Act (GLBA)
- The USA PATRIOT Act
- Subpoena Response Unit
- Subpoena Intake and Risk Evaluation
- Subpoena Tracking
- Documenting Response Efforts
- Practical Issues
Processing Garnishments and Tax Levies
- Financial Institution as a Party
- IRS Summons
- Summons Tracking
- Practical Issues
About The Presenters
- Issuance and Critical Information
- Processing Steps
- Practical Issues and Traps for the Unwary
Charles B. Jimerson, Esq.
Brandon C. Meadows, Esq.
- Attorney who founded the firm Jimerson & Cobb, P.A.
- Has achieved the highest rating in the Martindale-Hubbell Law Directory, recognized by his peers as having the highest level of ethical standards and professional ability
- Obtained board certification for having the highest standards of skills, specialty knowledge, proficiency, professionalism and ethics as determined by the Florida Bar
- Representative experience includes assisting the board and management prepare for and conduct meetings; answering questions about community documents and the legal impact of such documents; enforcing the covenants and restrictions, and drafting and negotiating contracts for provision of services
- Actively represents community associations in all aspects of community association litigation including the collection of assessments, enforcement of covenants and restrictions, injunctive relief matters, breach of fiduciary duty, conversion issues and statutory warranty claims
- Significant experience representing associations in prosecuting multimillion dollar construction defect claims and defending board of director litigation initiated by unit owners, both in state and federal courts throughout Florida
- J.D. degree, Levin College of Law, The University of Florida; former United States Air Force active-duty combat meteorologist
- Attorney with Jimerson & Cobb, P.A.
- Main area of practice is business litigation, representing lenders, business owners and commercial creditors throughout the State of Florida and the Southeastern United States
- Currently represents regional and community lenders and financial institutions in matters ranging from complex loan workouts and commercial collections to lender liability disputes and loan participation issues
- Regular contributor and blog writer at Lexology (www.lexology.com) and Jimerson & Cobb, P.A. (http://www.jimersoncobb.com/blog/category/florida-business-litigation)
- Currently licensed to practice law in the State of Florida, and admitted in all federal dis-trict courts in Florida
- A member of and/or has volunteered and served various associations, committees, and professional and trade organizations, including but not limited to: The Florida Bar (Business Law Section); The Jacksonville Bar Association; The University of Florida, Law Alumni Council; The Jacksonville Chamber of Commerce; Chester Bedell Inn of Court
- J.D. degree, University of Florida Levin College of Law, where he served as executive editor of the Florida Journal of Law and Public Policy, and as president of the University of Florida Trial Team
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This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
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|About The Provider:
||Lorman Education Services has provided educational seminars and online training for professionals since 1987.
Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.
That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.
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