Getting bank counsel involved in policy writing

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Question:

Why should we ask bank counsel to review our policies and procedures on handling garnishments? Doesn’t that just add costs to the effort?

Answer:

Yes, it usually costs money to have a bank’s legal counsel review policy or procedures. However, such a review can be invaluable since counsel should be able to help with the state laws and regulations affecting your handling of these claims and share information on preferred responses when the institution faces options for its responses.

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Learn more about John Burnett’s Procedures for Garnishments webinar.