|Event Date||Mon Apr 19 EDT (6 months ago)|
The “Garnishment Rule” requires financial institutions to ensure certain funds are protected from garnishment. The financial institution has a duty to correctly research, calculate, protect and notify the customer. We’ll discuss the account review requirements, look at examples, and also discuss best practices.
In this webinar we will discuss:
• Institution responsibilities upon receipt of garnishment order.
• Uniform Account Review requirements including,
• Lookback Period.
• Protected Amount.
• Notice to the Account Holder.
• Best Practices.
Vice President and Senior Consultant, ProBank Austin