15.848 Disclosure of information about data match system to depositors -- Penalty -
464 words·~2 min read·
/ky/15-848A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
- Liability of financial institution -- Fee.
(1)A financial institution furnishing a report or providing asset information of an
individual owing past-due support 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 may 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 the 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 information 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; for 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 provide 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.