Deposit Account Control Agreements: A General Introduction
Deposit account control agreements (DACAs) have become essential elements of today’s commercial credit facilities. This presentation is intended to provide the audience with a solid understanding of the uses for and issues surrounding DACAs from the view point of the three interested parties, the lender, the borrower and the depository institution. The specific topics to be covered are:
- What a DACA is,
- The various types of DACAs available,
- Guiding Principles for the Bank in Drafting and Negotiating a DACA,
- Key Provisions in a DACA, and
- The special DACA for the healthcare industry: the Deposit Account Instructions and
Service Agreement for accounts receiving payments on government healthcare receivables.
Robert D. Leavitt, Senior Attorney, Dykema Gossett, PLLC
Robert D. Leavitt, J.D., LL.M., focuses his practice on banking, commercial lending, general commercial, corporate and financial transactions. His clients range from small start-up businesses to financial institutions and large established enterprises.
Bob has been practicing law for over twenty-five years, much of it in senior law department roles in major companies, including as General Counsel, and has in-depth, practical experience in a broad range of complex banking, commercial, corporate and financial transactions including:
- Asset-based and cash-flow lending, work-outs and restructuring,
- Equipment leasing, and
- Banking services, operations, compliance, regulations and technology such as:
- deposit account control agreements,
- treasury management services,
- funds transfers and payment systems, both domestically and internationally,
- deposit, lock-box and account services,
- anti-money laundering and sanctions compliance,
- escheatment,
- FinTech,
- process reengineering project management, and
- e-commerce and internet banking.
Bob has lectured on a range of banking and corporate topics and has conducted training programs relating to various loan and bank services, and the sale of goods. He is past chair of the Chicago Bar Association’s Pass-through Entities Subcommittee, Commercial Finance and Transactions Committee and Corporate Law Departments Committee.
He received his law degree from DePaul University and an advanced international law degree from Cambridge University. Bob graduated from Colgate University (B.A.). He is admitted to practice law in the State of Illinois.
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Schedule of Events:
Networking 11:30am - 12:00pm, Presentation & Lunch 12:00pm - 1:00pm
Lunch will include salad, your choice of three entrée options (selected during registration process), two family-style side dishes, and dessert
Virtual Attendees – Conference call details and presentation material will be emailed to you after registration closes. Presentation will begin at 12:00pm.
A few reminders…
- Unable to attend a meeting for which you have registered? Substitutes are welcome! Otherwise, we ask that you cancel your registration or send an email to secretary@wiafp.org
- Have an idea for a presentation topic or speaker? Email vp@wiafp.org
- General questions or comments about WIAFP? We want to hear from you! Email info@wiafp.org
- Registration closes 48 hours before event; late registration requests can no longer be accommodated (Friday, January 10th at 2:00pm)
