15.850 Lien against account of parent owing child support -- Notice -- Account

311 words·~1 min read·/ky/15-850

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

activity fees -- Priority of lien.

(1)When the Office of the Attorney General determines that the name, record address,

and either Social Security number or taxpayer identification number of an account

with a financial institution matches the name, record address, and either the Social

Security number or taxpayer identification number of a parent who owes past-due

support in an amount equal to or greater than one

(1)month's obligation, a lien or

levy shall, subject to the provision of subsection

(3)of this section, arise against the

assets in the account at the time of receipt of the notice by the financial institution at

which the account is maintained. The office shall provide a notice of the match, the

lien or levy arising therefrom, and the action to be taken to surrender or encumber

the account with the lien or levy for child support payment to the individual

identified and the financial institution holding the account. The financial institution

shall have no obligation to hold, encumber, or surrender assets in any account based

on a match until receipt of the notice from the office.

(2)The Office of the Attorney General shall provide notice to the individual subject to

a child support lien or levy on assets in an account held by a financial institution

within two

(2)business days of the date that notice is sent to the financial

institution.

(3)A financial institution ordered to surrender or encumber an account shall be entitled

to collect its normally scheduled account activity fees to maintain the account

during the period of time the account is seized or encumbered.

(4)Any levy issued on an identified account by the Office of the Attorney General for

past-due child support shall have first priority over any other lien or levy issued by

the Department of Revenue or any other agency, corporation, or association.