New FDIC Rule Changes for
Trusts & Mortgage Servicing Accounts

(90-minute webinar – available live or on-demand)

Friday, April 22, 2022

This is a morning webinar

8:00 AM Pacific                  9:00 AM Mountain

10:00 AM Central     11:00 AM Eastern

The FDIC’s new rule changes regarding trusts and mortgage servicing accounts place a limit on the amount of deposit insurance and uses the same calculation for revocable and irrevocable trusts.  Although the effective date is April 1, 2024, now is the time to determine which customers may not be fully insured – and prepare for impact. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Understand the difference between today’s FDIC insurance for trusts and tomorrow’s regulation
• Distinguish the difference between revocable and irrevocable trusts
• Explain how these changes may affect your customer’s insurance
• Understand the changes in mortgage servicing insurance
• Calculate and negotiate through the insurance rule changes
• Gather a list of customers who may be affected by the changes
• Clearly communicate to other staff the changes to irrevocable trusts (the rules are different, but the insurance may not be as good for these customers)
• Scrutinize the provided examples of how insurance will be calculated differently

WEBINAR DETAILS

The FDIC is amending the rules governing deposit insurance coverage.  The amendments simplify the regulations by putting both revocable and irrevocable trust categories into one “trust accounts” category. It will use a common calculation for both and provide consistent deposit insurance treatment for all mortgage servicing account balances held to satisfy principal and interest obligations to a lender.

Coverage for trust account deposits will be determined through a simple calculation.  Each grantor’s trust deposits will be insured up to the standard maximum deposit insurance amount (currently $250,000), multiplied by the number of trust beneficiaries, not to exceed five.  This, in effect, will limit coverage for a grantor’s trust deposits at each insured depository institution (IDI) to a total of $1,250,000 – a maximum of $250,000 per beneficiary for up to five beneficiaries.  What does this mean for your bank and customers?  Some of your larger trust customers may not be adequately insured!  Learn more during this pragmatic program.

WHO SHOULD ATTEND?

This webinar will benefit new accounts staff, deposit compliance personnel, deposit operations staff, branch staff, trainers, personal bankers, private bankers, and all deposit staff. 

TAKE-AWAY TOOLKIT

• FDIC regulation handbook
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits
• Employee training log
• Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

Deposit Ops Series: Handling Trusts & Other Fiduciary Accounts
on Wednesday, May 18, 2022

Handling POAs & Living Trust Documents on Deposit Accounts & Loans
on Wednesday, August 11, 2021 

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only. 

MEET THE PRESENTER

     Deborah Crawford, Gettechnical Inc.

Deborah Crawford is the President of Gettechnical Inc., a Virginia/Florida based firm, specializing in the education of financial institutions across the nation.  Her 30+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees. 

Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs. 

Register and find registration options HERE

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up 

2. On-Demand Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE