Legal Briefs

Creditor Must Be Notified if Personal Representative Rejects a Claim in Probate Unclaimed Property—Collecting Fees Owed on Safe Deposit Boxes Oklahoma Adopts Uniform Real Property Electronic Recording Act Notification Required for Security Breach Of Computerized Data

Capital Purchase Plan Deadline Extended for Non-publicly-traded Banks "Opt Out" Date Extended for FDIC’s Temporary Liquidity Program Tax Free Charitable Distributions from IRAs

Recent Changes to FDIC Insurance for Trusts, POD Accounts Importance of Training to Deal with FDIC Insurance Questions

Two Changes to Servicemembers’ Civil Relief Act Tax Credit for First-Time Homebuyers Can Banks Freeze Home-Equity Lines of Credit?

Motor Vehicle Lien Entry Forms Are Changing New Statute Allows “Transfer on Death” for Real Estate

Commissioner’s Bill Revises Several Banking Provisions Recent Changes to Oklahoma Banking Board’s Regulations Major Changes to Oklahoma’s Record Retention Schedule Elder Abuse Punishment Increases

Consumer Loan Dollar Amounts Adjust on July 1 Paying 3% Interest on County Deposits Accepting Checks with Missing Endorsements Accepting Checks for Collection

New FDIC Guide to Deposit Insurance Of Trusts & POD Accounts Qualifying Beneficiaries One-Owner Revocable Trusts Revocable Trust Becomes Irrevocable Primary & Contingent Beneficiaries Changed Amount of Insurance? Certificate of Trust? Life Estate & Remainder Beneficiaries Joint Revocable Trusts POD Accounts Contingent POD Beneficiaries Joint Accounts with PODs Irrevocable Trusts

“Local Check” Area Expanding on April 19 Recent Court Ruling Concerning Liens on Indian Car Titles Using W-9s (With SSN or ITIN) or W8-BENs to Open Accounts

Understanding Representative Payee Accounts When is a Representative Payee Appointed? Correct Account Styling Guardian/Rep Payee Successor Trustee/Rep Payee POA/Rep Payee Only a Rep Payee Only an Authorized Signer Joint Accounts Organizational Rep Payees Rep Payees for Children