{"data":{"id":"us-ky/krs-15.844","jurisdiction":"us-ky","citation":"KRS 15.844","heading":"Data match agreements between office and financial institutions --","body":"Surrender of assets when parent is subject to lien -- Fee -- Financial\ninstitutions not liable.\n(1) Financial institutions doing business in the Commonwealth shall en ter into\ncooperative agreements with the Office of the Attorney General or its designee to\noperate a data match system. Pursuant to the agreements, the financial institution\nshall be required to provide identifying information each calendar quarter for eac h\nobligated parent who maintains an account at the institution and who owes an\narrearage, and who shall be identified by the Office of the Attorney General.\n(2) The cooperative agreement shall include provisions for financial institutions to\nencumber or su rrender assets held by the institutions on behalf of any obligated\nparent who is subject to a child support lien pursuant to KRS 15.850.\n(3) The financial institution shall be paid a fee for conducting data matches from the\nobligor's account, not to exceed the actual cost.\n(4) No liability shall arise for the Commonwealth or the financial institution under this\nsection with respect to any disclosure of financial records for the establishment,\nmodification, or enforcement of a child support obligation of the individual.\n(5) The financial institution shall not be liable for encumbering or surrendering any\nassets held by such financial institution in response to a notice of lien or levy issued\nby the Office of the Attorney General, for any other action taken in  good faith to\ncomply with the requirement of this section.\n(6) \"Financial institution\" means:\n(a) A depository institution and an institution -affiliated party as defined by 12\nU.S.C. sec. 1813(c) and (u);\n(b) Any federal or state credit union, including a n institution -affiliated party of\nthat credit union, as defined by 12 U.S.C. sec. 1752 and 12 U.S.C. sec.\n1786(r); or\n(c) Any benefit association, insurance company, safe deposit company, money\nmarket mutual fund, brokerage firm, trust company, or similar entity\nauthorized to do business in the Commonwealth.\n(7) The Office of the Attorney General may promulgate administrative regulations to\nimplement the requirements of this section.","path":["KRS Chapter 15"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=54348","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:48:34Z","sha256":"c0048e77bb856aaaf6ff4630c756599218d079194e52e21101a905e6a2d5bf72","source_id":"us-ky","stale":false,"prev":"us-ky/krs-15.842","next":"us-ky/krs-15.846"},"notice":"GroundRules: Original legal text. Not legal advice."}