Advanced Issues in Dormant Accounts, Unclaimed Property & Escheatment 2023 | Tennessee Bankers Association | 4 January 2023 | Virtual

The financial industry’s procedures and practices regarding dormant accounts and unclaimed property have come under attack by state agencies which claim they are entitled to the of these accounts and property. Dormant accounts and unclaimed property are subject to complicated laws which can cause administrative problems for your institution. This webinar will explain the Uniform Unclaimed Property Act and the tools needed for financial institutions to evaluate their related procedures and practices. There will be a quick review of the basic rules before focusing on more advanced issues. Since laws vary, this webinar will not cover state-specific laws. However, you will be able to find your state-specific laws by using the contact information provided.

Benefits of Attending:
• Distinguish when an account is deemed “dormant” for dormancy fee purposes versus purposes
• Create procedures to keep accounts from becoming abandoned property that must be to the state
• Identify which unclaimed and abandoned property must be to the state
• Understand your institution’s responsibilities under the uniform unclaimed property laws
• Determine in which states your institution is obligated to property

2023 Speakers

Elizabeth Fast
JD, CPA, Spencer Fane LLP