Thursday, August 8, 2019
12:00 – 1:00 pm (Eastern Time)
11:00 – 12:00 pm (Central Time)
10:00 – 11:00 am (Mountain Time)
9:00 – 10:00 am (Pacific Time)
Are you liable for a notary employee’s mistakes? The answer is usually yes. Banks can take a number of steps to lessen the likelihood that they will be sued for the misconduct of their notary employees. This program will look at notary “dos and don’ts” and how to protect your institution from costly mistakes. We will also provide you with some guidance about what procedures you should have in place for handling notary functions.
Attendees to this banking webinar will learn:
What are the top five reasons notaries are fined?
The cost to the bank when notaries cut corners
Recognizing conflicts of interest and limitations of power
The critical Do’s and Don’ts of notarial acts
Bank liability and how to avoid being sued
Practical controls bank managers can implement today to minimize risk
Tips and tools needed to avoid the most common notary mistakes
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
1.0 CPE Credits and 1.2 AAP Credits