Session Description:
This presentation: defines “Bank Sweeps”; provides both the Bank’s perspective and the Surety’s perspective; the underlying competing objective of mitigation of losses; taking a proactive approach; quantifying that portion of the sweep that came from bonded versus non-bonded contract revenues; priority interests as to each; and steps the Surety can take to go about protecting those interests.
We will also address practical ways to co-exist with banks and how to potentially achieve a win-win for both the Surety and the Bank as to the available Indemnitor funds, while avoiding protracted and expensive litigation (keeping in mind that the bank sweep may have already occurred before the Surety was contacted by the principal).
Please note:
During the presentation, a one-digit number will randomly appear. This will happen 3 times. Please write down each number as, together, they will serve as your "CLE Password".
DRI will apply for CLE in your state upon request in writing to cle@dri.org.
Once the approval is received, DRI will report your attendance to your local state agency where applicable. For more information, please see the "Post Seminar Action" for your state below.
Approval times can take anywhere from 4 - 6 weeks.
Number of Accredited Hours: Pending
Ethics included: 0
Post-Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
CLE programs which take place outside of Alaska are not required to be accredited by the Alaska Bar Association. Alaska Bar members may claim credit for attendance at CLE programs offered in or from other jurisdictions if the program has been accredited by another MCLE jurisdiction.
Arizona does not pre-approve CLE.
Number of Accredited Hours: 1.00
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: 1.00
Ethics included: 0
Elimination of Bias in the Legal Profession included: 0
Prevention, Detection and Treatment of Substance Abuse/Mental Illness that Impairs Professional Competence included: 0
Post Seminar Action: Please Keep The Certificate For Your Personal Records.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: 1.00
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Elimination of Bias in the Legal Profession included: 0
Technology included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Professionalism included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
This course was approved under the Hawaii "Approved Jurisdiction" policy, Pennsylvania being an Approved Jurisdiction.
Number of Accredited Hours:
Ethics included:
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: D
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Diversity and Inclusion included: 0
Mental Health included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
NLS (Non-Legal subject) included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Diversity & Inclusion included: 0
Wellness included:
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Law Practice Management included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Professionalism included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Elimination of Bias included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Elimination of Bias included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Substance Abuse included:
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
As of July 1, 2014, attorneys will be reporting their own attendance to programs on a new online system. There will no longer be sponsor accreditation in NH.
Number of Accredited Hours: 1.20
Ethics included: 0
Post Seminar Action: Please Keep The Certificate For Your Personal Records
Number of Accredited Hours: 1.00
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
This course was approved under the New York Approved Jurisdiction Policy, Pennsylvania being an Approved Jurisdiction.
Number of Accredited Hours: 1.00
Ethics included: 0
Diversity and Inclusion included: 0
Post Seminar Action: Please Keep The Certificate For Your Personal Records
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Professional Conduct included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Access to Justice included: 0
Mental Health/Substance Use included:
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: 1.00
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
MH/SA included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Dual included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: Pending
Ethics included: 0
Professionalism & Civility included:
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: 1.00
Ethics included: 0
Post Seminar Action: Please Keep The Certificate For Your Personal Records
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Nexus Subject included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: 1.20
Ethics included: 0
Post Seminar Action:
You are Required to Complete the DRI CLE Evaluation Within 30 Days After the Seminar has Concluded.
Contingent Upon your Prompt Completion of the CLE Evaluation, DRI Will Submit Credit For You To Your State Agency Within 30 Days.
Number of Accredited Hours: 1.00
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
Number of Accredited Hours: Pending
Ethics included: 0
Post Seminar Action: Please Self-Submit Credits To Your State Agency
| The Anatomy of A Bank Sweep: What to Do After It Happens, And What You May Want to Try Before It Does (215.5 KB) | 14 Pages | Available after Purchase |
| The Anatomy of A Bank Sweep: What to Do After It Happens, And What You May Want to Try Before It Does (1.5 MB) | 20 Pages | Available after Purchase |
| The Anatomy of A Bank Sweep: What to Do After It Happens, And What You May Want to Try Before It Does (265.3 KB) | 12 Pages | Available after Purchase |
Robert J. Moody is President of Moody's CPA's & CFE's, Inc., located in Midlothian, Illinois. Mr. Moody received his B.S. degree in accounting from DePaul University in Chicago. He is a Certified Public Accountant and a Certified Fraud Examiner. His practice is confined to surety and fidelity bond claims. He has given extensive deposition and trail testimony, including expert testimony. Moody's is heavily involved in funds control services for sureties.
Frank Wendt provided free legal services to homeless families at the Salvation Army Family Shelter in Kansas City and the empathy for clients under extreme stress he developed there influences his work with commercial bankruptcy, insolvency, and litigation. For over 25 years inside and outside state and federal courts, Frank has worked extensively with commercial creditors and debtors to aggressively protect their interests and to resolve their legal problems. Frank speaks and writes on issues of bankruptcy, real estate, and mechanics' lien issues.
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