Safe Deposit Box “Danger Zones”- Overview Of Liability Issues

On Demand Course

Instructor: Dave McGuinn

Duration:

What You'll Learn

Whether you have 50 boxes or 5,000, this presentation provides a realistic and well-organized method of reviewing and auditing your procedures before a catastrophe occurs. Your speaker knows firsthand what to look for, from the most common errors to the not so common, but potentially costly mistakes. This presentation will also help you review your own internal procedures.

Specific Areas Covered in the Event:

What happened to all the safe deposit boxes after a fire totaled several branches?
Why did 1,500 box renters file a large safe deposit lawsuit after a DEA vault raid?
Why are many flooded safe deposit box disasters caused by defective plumbing?
What 15 steps must be taken when a flood fills a vault with contaminated water?
How can proper vault door closing procedures help you avoid overnight guests?
What details about safe deposit burglaries have TV reporters covered recently?
Why are self-service box renters now suing for millions?

Specific Take-aways:

How can FDIC or NCUA signs, logos or brochures create safe deposit liability?
Why should renters be provided with “No Insurance” disclosure forms?
What ten questions will always be asked in any safe deposit lawsuit?
How should employees be trained to answer consumer’s questions?
Why must phrases like “waterproof or fireproof” vault be avoided?
Would your part-time attendant make a good courtroom witness?

Bonus Material:

Final exam to test and review your vault security and disaster procedures.

Provide Sate Deposit Report Card to audit your security.

Website with over eighty (80) safe deposit box resources.

Current safe deposit news articles and videos.

WHO SHOULD ATTEND:

This informative program will benefit safe deposit supervisors, vault attendants, compliance officers, auditors, security officers and your in-house legal counsel.

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

About the Author:

Dave McGuinn

David McGuinn, President of Safe Deposit Specialists, is a former banker with over 45 years of safe deposit experience. He is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 350,000 safe deposit managers and personnel since 1969, and has served as President of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. All four organizations have presented him with their President's Award for his dedication to the financial industry.Dave is a featured speaker for the American Bankers Association and the National Association of Federal Credit Union's TV network and has been interviewed by the Wall Street Journal, Dow Jones Money Watch, Bottom Line Financial, Washington Post, New York Magazine, Associated Press, Money Magazine, AARP, National Public Radio, CUNA, FDIC, Court TV, CNN, CBS, ABC and NBC Nightly News on current safe deposit issues.McGuinn has created numerous safe deposit operations, marketing, audit, security, disaster and compliance manuals, brochures, forms, training videos and Internet/audio training programs. His safe deposit products and training seminars are now recognized as the recommended standard for the financial industry. All of his safe deposit resource items can be reviewed at www.sdspec.com.

On-Demand Course