Presenter: Elizabeth Fast, JD & CPA, Spencer Fane Britt & Browne LLP
Date: Wednesday, June 6, 2012
Time: 2:00 - 3:30 pm Central
Dormant accounts and unclaimed property pose unique, and often complicated, problems for credit unions. Credit unions’ procedures and practices regarding dormant accounts and unclaimed property in safe deposit boxes have come under attack by both consumers and state agencies that receive unclaimed property.
This webinar will explain the Uniform Unclaimed Property Act and its concepts. In addition, you will receive contact information for the unclaimed property administrators in every state. Since escheat laws vary, state-specific escheat laws will not be covered. However, you will be able to find your state-specific escheat laws by using the contact information in the handout.
What You Will Learn
Who Should Sign Up?
This informative session is designed to assist your credit union with properly handling dormant accounts and unclaimed property. Any personnel involved in deposit accounts and safe deposit boxes will benefit from this session.
About the Presenter:
Elizabeth Fast, Esq. is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.