§ 15-22-2 Financial institution data
matches. –
The department of administration, division of taxation, shall enter into
cooperative 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 similar
entity authorized to do business in the state, to develop and operate a data
match system using automated data exchanges to the maximum extent feasible on a
quarterly basis, listing each noncustodial parent provided by the department in
the exchange who maintains an account at the financial institution and who owes
past due support in the amount of five hundred dollars ($500). The financial
exchange shall include, but not be limited to, the name, address, date of birth
and social security number or other taxpayer identification number, the asset
description, account number and account balance and any and all information
required pursuant to § 15-21-2 for the purpose of establishing an
administrative lien. The financial institution shall not be liable to any
person for any disclosure to the state agency, for encumbering or surrendering
any assets held by the financial institution in response to a notice of lien or
levy issued by the state pursuant to chapter 21 of this title, or for any other
action taken in good faith to comply with the requirements of this chapter.
(P.L. 1997, ch. 170, § 13.)