The Federal Benefit Payments Garnishment Requirements - Doing It Right

Terri D. Thomas

Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.

Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.

Wednesday, March 14th, 2012
1:30 pm - 3:30 pm CT

2.5 CRCM credits

On February 23, 2011, several federal agencies, including the Department of the Treasury, the Social Security Administration, the Department of Veterans Affairs, the Railroad Retirement Board, and the Office of Personnel Management, jointly issued an Interim Final Rule to protect certain federal benefit payments from garnishment actions. These rules were effective May 1, 2011 and supersede state laws pertaining to garnishments. The rules impact how financial institutions process such actions.

Covered Topics:

A general review of the garnishment requirements
The special terminology that applies
The detailed steps financial institutions need to take when processing garnishment requests
Examples of how the new rules impact garnishment answers and hold amounts
Model language and sample forms that can be used when providing notice pursuant to the rules

Who Should Attend?

This webinar will be especially helpful for compliance officers, legal counsel and financial institution personnel who process garnishment answers.

Sign Up!

6-Month OnDemand Weblink - $ 255: Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
CD-ROM and Hardcopy Handouts - $ 295: CD-ROM plus Hardcopy Handouts. Does not include live session.