Top 25 Safe Deposit Compliance Issues

Questions regarding deceased renters, payable-on-death clause, living trusts, court orders, Servicemembers Civil Relief Act, USA Patriot Act, Suspicious Activity Reports, power of attorneys, Americans with Disabilities Act, past due boxes, abandoned property and many other legal and compliance issues have caused great concern and confusion for the safe deposit industry. During this webinar, you will receive current information about all of these issues and an in-depth explanation about how they impact on your financial institution and your safe deposit box renters.

David McGuinn, a former Sr. Vice President/Cashier and nationally known expert in the area of safe deposit, will provide clear concise answers to complicated questions regarding your institution’s responsibility and potential liability. He will also identify and discuss various compliance issues relating to each legal topic.

What You Will Learn

  • Does the “Beneficial Ownership of Legal Entities” law apply to business boxes?
  • What “SEVEN” past due fees can be collected from a delinquent box renter?
  • Who can legally access and remove contents from a deceased renter’s box?
  • Does the Servicemembers Civil Relief Act (SCRA) apply to past due boxes?
  • Can you title a lease as a “living trust” or add a “payable of death” clause?
  • What seven suspicious safe deposit transactions always trigger a SAR?
  • How does the USA Patriot Act affect all safe deposit areas nationwide?
  • What BSA & SAR violations are compliance examiners finding today?
  • What should we do if dangerous content are found in a past due box?
  • When are box contents sent to the Unclaimed Property Department?
  • In most states who must be present when a past due box is drilled?
  • How can poor box drilling procedures make a box renter very rich?
  • Do you have “Right of Offset” against a past due renter’s account?
  • Can you report a past due box renter to a credit-reporting agency?
  • What careful wording should be used in a FINAL past due notice?
  • How does the American with Disabilities Act affect safe deposit?
  • How should you answer a renter’s question about insurance?
  • Should a power of attorney be used to enter a renter’s box?
  • Can renters legally store money, guns or drugs in a box?

Who Should Attend?

This informative program is designed to update safe deposit supervisors, vault attendants, cashiers, branch managers, compliance & security officers, auditors, training directors, new account personnel and your in-house legal counsel.


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   OnDemand Recording - $295   
   CD-ROM - $345   
   Live Plus Six (months) - $365   
   Premier Package - $395   
Additional Locations
Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.
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