The Quick Compliance Trap: Out-Of-State Collections Can Create Significant Exposure for Banks

Michael Cortina details the legal exposure that out-of-state collections can create for Illinois banks in an article for Community Bankers Association of Illinois (CBAI).

He states, "Banks are frequently the targets of collection efforts when judgment creditors are trying to collect their judgments. While banks have policies and procedures to ensure such requests are handled promptly, accurately, and in compliance with the law, they must be cautious to ensure that they are responding only to legally valid collection efforts."

You can read the full article on the CBAI website.