§ 15-22-2 - Financial institution data matches.
SECTION 15-22-2
§ 15-22-2 Financial institution datamatches. – The department of administration, division of taxation, shall enter intocooperative agreements with financial institutions further defined as any bank,savings association, federal or state credit union, benefit association,insurance company, safe deposit company, money-market mutual fund or similarentity authorized to do business in the state, to develop and operate a datamatch system using automated data exchanges to the maximum extent feasible on aquarterly basis, listing each noncustodial parent provided by the department inthe exchange who maintains an account at the financial institution and who owespast due support in the amount of five hundred dollars ($500). The financialexchange shall include, but not be limited to, the name, address, date of birthand social security number or other taxpayer identification number, the assetdescription, account number and account balance and any and all informationrequired pursuant to § 15-21-2 for the purpose of establishing anadministrative lien. The financial institution shall not be liable to anyperson for any disclosure to the state agency, for encumbering or surrenderingany assets held by the financial institution in response to a notice of lien orlevy issued by the state pursuant to chapter 21 of this title, or for any otheraction taken in good faith to comply with the requirements of this chapter.