{"data":{"id":"us-az/a.r.s.-6-1601","jurisdiction":"us-az","citation":"A.R.S. § 6-1601","heading":"Financial institutions data match and data exchange; surrender of assets of delinquent taxpayer; nonliability","body":"A. Financial institutions may enter into agreements with the department of revenue for data match and data exchange as prescribed by section 42-1207.\n\nB. On receipt of a notice of levy, a financial institution shall encumber or surrender, as appropriate, assets held by the financial institution on behalf of a delinquent taxpayer. If the financial institution receives two notices of levy on the same day for the same person, a levy issued to collect child support pursuant to section 25-521 has priority over a levy issued pursuant to this section.\n\nC. Notwithstanding any other law, a financial institution is not subject to civil liability for either:\n\n1. Disclosing to the department of revenue or its agent a person's financial record pursuant to section 42-1207 or any acts of omission that are inadvertent and made in good faith.\n\n2. Encumbering or surrendering any assets held by the financial institution in response to a notice of levy that is issued by the department of revenue or for any action taken in good faith to comply with this section.\n\nD. The remedy under subsection B of this section is limited to collection of delinquent taxes, penalties and interest.","path":["Title 6 Banks and Financial Institutions"],"source_url":"https://www.azleg.gov/ars/6/01601.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"216154834dd7fe39d9b83e9e2fa0b145c6ebe866d51be9c66da584e255b551f3","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-6-153","next":"us-az/a.r.s.-6-161"},"notice":"GroundRules: Original legal text. Not legal advice."}