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Live Webinar

60-minute live streaming program
  • June 17
  • 1:00 - 2:00 pm EST

Also available as:

OnDemand Course

Dormant Bank Accounts and Unclaimed Property Compliance

June 17

Learn the updated best practices for dealing with unclaimed property laws and due diligence requirements.

Financial institutions are all too familiar with unclaimed property compliance and the challenges it presents to those who manage the process. Reporting unclaimed property annually to the states does not necessarily mean that the financial institution is in compliance. In fact, underreporting, misinterpretation of the rules of customer contact, and untimely reporting can present a great risk to the organization. An effective and efficient unclaimed property process should begin with inactive and dormant accounts to help mitigate reaching unclaimed property status. This material will examine how financial institutions can proactively utilize people, processes, and technology to streamline their unclaimed property management, mitigate undue risk, and implement best practices to create a best-in-class unclaimed property process.

Learning Objectives

  • You will be able to describe what makes unclaimed property compliance challenging for financial institutions.
  • You will be able to identify how to be proactive and reduce annual escheatment.
  • You will be able to discuss why policies and procedures matter.
  • You will be able to explain how a financial institution can file unclaimed property reports every year and not be in compliance.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Makes Unclaimed Property Compliance Challenging for Financial Institutions?

How Can a Financial Institution File Unclaimed Property Reports Every Year and Not Be in Compliance?

Why Policies and Procedures Matter

How to Be Proactive and Reduce Annual Escheatment

What It Takes to Create a Best-In-Class Unclaimed Property Program

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on August 8, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.0
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • IL CLE 1.0
     
  • This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.0
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.0 hours of CLE credit under M. Bar R. 12.
     
  • NH MCLE 1.0
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 60 Minutes.
     
  • NJ CLE 1.2
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.2 hours of total CLE credit.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
     
  • VT CLE 1.0
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hours of CLE credit.
     
  • WI CLE 1.0
     
  • This program has been approved by the Board of Bar Examiners for 1.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.2
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.2 MCLE hours.
     
  • CPE 1.2 including Business Management and Organization 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Management and Organization for 1.2 hours. Prerequisite: basic knowledge of the banking industry. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for presidents, vice presidents, branch managers, loan officers, compliance officers, loan department personnel, accountants, controllers, CFOs, credit and collection managers, and attorneys.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Charlotte Anderson

Charlotte Anderson

Transformation Keys LLC

  • Founder and Principal of Transformation Keys LLC – A coaching and consulting firm specializing in the financial industry
  • More than 35 years of bank operations and leadership experience
  • Successfully completed the acquisition and operational due diligence and integration for twenty-two bank mergers
  • Oversight experience for escheat and abandoned property processes within the banking industry
  • Operations improvement and excellence consultant within the banking industry
Maureen Ferrari Grollman

Maureen Ferrari Grollman

Dunbar Group

  • National Practice Leader Consulting and Reporting, Dunbar Group
  • Was the National Practice Leader for Reporting and Consulting for Unclaimed Property Advocates when they joined forces with Dunbar to become a full-service unclaimed property service provider
  • Previously worked at Keane as Managing Director of outsourced reporting; she managed a team of 20 staff members servicing over 350 clients in the financial services, life insurance, mutual fund, transfer agent, utility, manufacturing, and retail industries
  • Started her unclaimed property career at the Pennsylvania Treasury, Bureau of Unclaimed Property, where among other duties, she managed the State’s voluntary disclosure program (VDA), counseling and assisting companies with Pennsylvania’s statutory compliance obligations
  • Her work earned her national recognition from the industry’s leading trade association, which recognized her for leading the most efficient claims processing program among all state unclaimed property programs.
  • Distinguished faculty member of Lorman Education Services and presents webinars on unclaimed property related topics
  • Member of the Unclaimed Property Professionals Organization (UPPO)
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408899
Published 2018, 2021
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