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Responding to California Levies, 1 of 2

September 09, 2024
All day
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RELEASE DATE: September 9, 2024

Levies come in many confusing varieties, so ensuring you have a solid foundational understanding of what a levy is and how to respond to them is essential. In Part 1 of this webinar series on levies, attorney Dan Loritz, Managing Partner at Okun Loritz, LLP, will teach you what you need to know about levies issued pursuant to a money judgment and IRS levies.

After this webinar, you will know:

  • What a writ of execution is;
  • Whether personal service of a levy is required;
  • The amount of money that is subject to a levy;
  • What your duties and obligations are;
  • Whether you can process checks after you receive a levy;
  • Whether you charge a fee to process levies;
  • Whether the Credit Union is liable to the accountholder;
  • Which accounts are affected and which accounts are not affected;
  • Whether funds in IRA accounts are exempted;
  • What rules apply when an account has directly deposited Social Security benefits;
  • Everything you need to know about IRS levies; and
  • What the potential penalties are for non-compliance.

As Managing Partner of Okun Loritz LLP, attorney Dan Loritz assists the firm’s clients with bond/insurance claims, business and consumer deposit and lending documentation, contract review and negotiation, regulatory compliance, employment law and personnel issues, and privacy matters.
Dan is a frequent speaker at credit union industry events concerning legal and compliance topics and is the author of numerous publications. Prior to practicing law, Dan worked as a personal banking officer at a major California bank. He is a member of the State Bar of California and the Financial Institutions Committee of the State Bar of California.


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