1 Tex. Admin. Code § 55.556 - Liability of Financial Institutions for Disclosure of Information
(a) The federal Social Security Act
(42
U.S.C. 666(a)(17)) provides
that a financial institution shall not be liable under any federal or state law
to any person
(1) for any disclosure of
information to the State child support enforcement agency,
(2) for encumbering or surrendering any
assets they hold in response to a notice of lien or levy issued by the state
child support enforcement agency, or
(3) for any other action taken in good faith
to comply with the requirements of Section 466(a)(17)(A) of the Act. Section
469A of the Act also provides protection from liability for multi-state
financial institutions disclosing information to the federal parent locate
service through the multi-state financial institution data match.
(b) Subsection
231.307(d)
of the Texas Family Code provides that a financial institution providing
information or responding to a notice of child support lien provided under
Subchapter G, Chapter 157, or otherwise acting in good faith to comply with the
Title IV-D agency's procedures under this section may not be held liable under
any federal or state law for any damages that arise from those acts.
Notes
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