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A Banker’s Guide to Powers of Attorney

This webinar will provide attendees with the best practices and pitfalls of dealing with power of attorney documents.

OnDemand
Recorded Tuesday,
November 16th, 2021
Presented by Terri D. Thomas
2h total length
2.5 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Risk Management/Legal
  • Bank Legal Counsel
  • Branch Manager
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • New Accounts Representative
  • Private Banker
  • Teller
  • Trust Officer

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Financial institutions are required to complete transactions for customers involving Power of Attorney documents. To protect your financial institution's interests when using these documents, it is imperative to understand the basic do's and don'ts. This presentation will provide financial institution personnel with best practices to use when dealing with these complex legal documents.

This session will focus on the best practices that can be employed by banks rather than looking at any particular state’s laws.

What You'll Learn

  • What are the relationships among the customer, the attorney-in-fact and the financial institution?
  • What is the difference between a durable and non-durable power of attorney?
  • How does a financial institution determine if a power of attorney is general or limited
  • What steps must a financial institution take to protect itself when relying on a Power of Attorney?
  • What language should the financial institution look for in the Power of Attorney document when completing a transaction for the attorney-in-fact?
  • How is a Power of Attorney revoked and when is that revocation binding on the financial institution?
  • What transactions create the greatest risks for financial institutions relying on power of attorney documents?
  • What attorney-in-fact representations may a financial institution typically rely upon?
  • How should a financial institution handle out-of-state powers of attorney?

Who Should Attend

Financial institution employees involved with opening new accounts, deposit or loan documentation and operations will find this seminar very useful.

Terri D. Thomas

Instructor Bio

Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.

Terri has worked with financial institutions for over thirty-nine 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. She has also served as a trust department manager and branch manager.

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. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.

Continuing Education Credit Information

Recommended for 2.5 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.

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