Get answers to the following questions and establish internal procedures to comply with your own safe deposit requirements.

• Who can legally access and remove contents from a deceased renter’s box?
• Can you title a lease as a “living trust” or add a “payable of death” clause?
• Does the Servicemembers Civil Relief Act (SCRA) apply to past due boxes?
• What seven suspicious safe deposit transactions always trigger a SAR?
• How does the USA Patriot Act affect all safe deposit areas nationwide?
• What BSA & SAR violations are compliance examiners finding today?
• What should we do if dangerous contents are found in a past due box?
• When are box contents sent to the Unclaimed Property Department?
• In most states who must be present when a past due box is drilled?
• How can poor box drilling procedures make a box renter very rich?
• Do you have “Right of Offset” against a past due renter’s account?
• What past due fees can be collected from a delinquent box renter?
• Can you report a past due box renter to a credit-reporting agency?
• What careful wording should be used in a FINAL past due notice?
• What amount of safe deposit liability insurance should you carry?
• How does the American with Disabilities Act affect safe deposit?
• How should you answer a renter’s question about insurance?
• Should a power of attorney be used to enter a renter’s box?
• Can renters legally store money, guns or drugs in a box?

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