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Safe Deposit Box: Contracts, the Relationship, Compliance and Risk Management

Gain a better understanding of safe deposit box regulatory compliance and learn how to successfully navigate unique risks and challenges involving your customers' safe deposit boxes. This topic is beneficial for all bank personnel and attorneys representing banks as it will provide an insight to understanding the relationship between a customer and the bank; the impact of that relationship; the duties of each party to the contract; and the guideline as to what to do if there is a safe deposit box loss as the result of a criminal event or a catastrophic event. Understanding the relationship, the duties of each party to the relationship, and the risk management in the event something unexpected occurs, is vital for anyone associated with a bank including their branch personnel, lawyers, auditors, and officers.


Runtime: 88 minutes
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Why Lorman?

Over 32 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

The Contract

  • A Bailment?
  • Landlord/Tenant or Lessor/Lessee?
  • Legal Liability to Customers
  • Allowable Items in Safe Deposit Box - Practical Controls
  • Insurance
  • The Banks Insurance
  • The Customer's Insurance
  • Break-Open Procedures
  • What Circumstances?
  • Procedures to Follow

Loss Prevention

  • Security
  • Alarm System
  • Vault
  • Education and Training

Risk Management, Investigation, Claim Resolution

  • Perils That Cause Safe Deposit Losses
  • Insurance Coverage and Response
  • Investigation
  • Claim and Settlement Process
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Why Lorman?

Over 32 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 Webinar

This course was last revised on May 16, 2019.

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

  • IL CLE 1.25
     
  • This course was approved for a total of 1.25 hours of MCLE Credit by the Illinois MCLE Board.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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More Program Information

Why Lorman?

Over 32 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

Joseph A. Oliva

Joseph A. Oliva

Goldberg Segalla LLP

  • Partner with Goldberg Segalla LLP
  • Concentrates practice on civil and commercial litigation, insurance coverage analysis, and insurance coverage litigation
  • Significant experience in all areas of financial institution coverage investigations and litigation involving fraud, social engineering, employee dishonesty, directors and officers liability, safe deposit box loss, embezzlement, Ponzi schemes, check kiting, ERISA fraud, and mortgage fraud matters
  • Extensive experience includes conducting and supervising the investigation and coverage analysis of catastrophic safe deposit box losses for underwriters of major financial institutions resulting from a rash of burglaries in the New York City area and across the country, the destruction of the World Trade Center following the terrorist attack of September 11, the devastation of Hurricane Katrina, and Superstorm Sandy
  • Received the highest rating with Martindale-Hubbell Law Directory
  • Can be contacted at [email protected] or 646-292-8734
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Why Lorman?

Over 32 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: 405424
Published 2019
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