Critical Issues on Certificates of Deposit (CDs)

Date: 3/14/2017
Time: 11:00 AM TO 1:00 PM

Webinar


Phone:
410-269-5977


Event Description:

Still put a piece of paper into a sleeve and give it to the customer and call it a CD? It might be old fashioned but many institutions still handle nonnegotiable CDs much like they handled the negotiable instrument of days gone by. As we transition from the traditional Certificates that are negotiable to the signature card contract certificates of deposit, what rules apply and what do not anymore? Let's look at the procedures which might not make sense anymore such as Loss of CD Affidavits. It might mean that you need signatures of all parties and not just the one opening the account. Old school might not work in today's legal and regulatory environment. Let's look at our CD rules, procedures and ownership issues that may need to be revamped for 2017.

Covered Topics:

  • What is a CD in 2017? Do we need to issue statements on CDs?
  • What disclosures should we give when we open a CD? What maturity notices?
  • Can the financial institution offset a CD?
  • Can the names on a CD be changed?
  • What happens on a CD secured loan with a pay on death?
  • What notifications do we have to send for a "change in terms" under TISA?
  • Can we waive CD penalties? Can a penalty be waived for certain circumstances?
  • What happens when the accountholder loses a CD? Do we still do loss of CD affidavit?
  • What is meant by paperless CDs?
  • Do we have to have all the owners sign a CD? Is that true for insurance purposes?
  • How do we issue the check when we cash a CD?

Audience
This informative session is for customer service representatives, new accounts, member service representatives, branch manager, branch administration, officers and anyone who handles or manages deposit accounts.

Speaker
Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 27 years of combined teaching and banking experience.

MBA Member Price: $265

On-Demand Price: $295

What is a Webinar?
A webinar is an online seminar featuring audio, PowerPoint and other interactive features. The program may be viewed on most devices. No special hardware is needed; however, speakers or headphones are required. The program consists of 105 minutes of instruction and 15 minutes live Q&A. Each Live Webinar registration provides one connection to the webinar, materials and access to the On-Demand Webinar for 30 days. You may have unlimited listeners on your connection.

An On-Demand Webinar is a webinar that has been recorded and can be viewed at your convenience (24/7). Anyone at your branch may access the program online using the login. With an On-Demand Webinar, you have 6 months unlimited access to the program from the date of purchase (access to the live webinar is not included).


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For general inquiries email us at:  cgentilcore@mdbankers.com
 


           


 
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