Critical Issues on Certificates of Deposit (CDs)

May 17, 2018 02:30pm -
May 17, 2018 04:30pm
(GMT-5)

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.

Topics Covered:

  • 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?

Who Should Attend?

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.

REGISTRATION OPTIONS

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Apr 09, 2018.
Regular registration starts on Apr 10, 2018 and ends on May 20, 2018.
Late registration starts on May 21, 2018.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 On Demand Link & "FREE" CD Rom
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live & On Demand Link (Includes CD Rom)
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00