KRS 15.848: Disclosure of information about data match system to depositors -- Penalty -

- Liability of financial institution -- Fee.

(1) A financial institution furnishing a report or providing asset information of an

individual owing past -due s upport to the Office of the Attorney General under

either subsection (1) or subsection (2) of KRS 15.846 shall not disclose to a

depositor or an account holder that the name of that person has been received from

or furnished to the office. An institution m ay disclose to its depositors or account

holder that under the financial institution match system the Office of the Attorney

General has the authority to request certain identifying information on certain

depositors or account holders.

(2) If a financial institution willfully violates the provisions of this section by releasing

asset information of an individual owing child support to the Office of the Attorney

General, the institution shall pay to the office the lesser of one thousand dollars

($1,000) or t he amount on deposit or in the account of the person to whom the

disclosure was made.

(3) A financial institution shall incur no obligation or liability to a depositor or account

holder or any other person arising from the furnishing of a report or informa tion to

the Office of the Attorney General under KRS 15.846, or from the failure to

disclose to a depositor or account holder that the name of the person was included

in a list furnished by the financial institution to the office, or in a report furnished

by the financial institution to the office.

(4) Regardless of whether the action was specifically authorized or described in KRS

15.800 to 15.876 or an agreement, a financial institution shall not be liable for

providing or disclosing of any information; f or encumbering, holding, refusing to

release, surrendering, or transferring any account balance or asset; or any other

action taken by a financial institution pursuant to KRS 15.800 to 15.876 or

agreement as required by KRS 15.846.

(5) A financial institution shall not give notice to an account holder or customer of the

financial institution that the financial institution has provided information or taken

any action pursuant to KRS 15.800 to 15.876 or the agreement and shall not be

liable for failure to pro vide that notice; provided however, that a financial

institution may disclose to its depositors or account holders that, under the data

match system, the Office of the Attorney General has the authority to request

certain identifying information on certain depositors or account holders. The office

shall notify, not less than annually, affected depositors or account holders who have

not otherwise received notification.

(6) A financial institution may charge an account levied on by the Office of the

Attorney General a fee of not more than twenty dollars ($20) which may be

deducted from the account prior to remitting any funds to the office.