2014 Kentucky Revised Statutes CHAPTER 205 - PUBLIC ASSISTANCE AND MEDICAL ASSISTANCE 205.776 Disclosure of information about data match system to depositors -- Penalty -- Liability of financial institution -- Fee.
Download as PDF
205.776 Disclosure of information about data match system to depositors -Penalty -- Liability of financial institution -- Fee.
(1)
(2)
(3)
(4)
(5)
(6)
A financial institution furnishing a report or providing asset information of an
individual owing past-due support to the Cabinet for Health and Family
Services under either subsection (1) or subsection (2) of KRS 205.774 shall not
disclose to a depositor or an account holder that the name of that person has
been received from or furnished to the Cabinet for Health and Family Services.
An institution may disclose to its depositors or account holder that under the
financial institution match system the Cabinet for Health and Family Services
has the authority to request certain identifying information on certain depositors
or account holders.
If a financial institution willfully violates the provisions of this section by
releasing asset information of an individual owing child support to the Cabinet
for Health and Family Services, the institution shall pay to the Cabinet for
Health and Family Services 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.
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 Cabinet for Health and Family Services under KRS 205.774,
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
Cabinet for Health and Family Services, or in a report furnished by the financial
institution to the Cabinet for Health and Family Services.
Regardless of whether the action was specifically authorized or described in
KRS 205.715 to 205.800 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 205.715 to
205.800 or agreement as required by KRS 205.774.
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 205.715 to 205.800 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 cabinet has the authority to request certain
identifying information on certain depositors or account holders. The cabinet
shall notify, not less than annually, affected depositors or account holders who
have not otherwise received notification.
A financial institution may charge an account levied on by the Cabinet for
Health and Family Services a fee of not more than twenty dollars ($20) which
may be deducted from the account prior to remitting any funds to the Cabinet
for Health and Family Services.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 99, sec. 270, effective June 20, 2005. -Created 1998 Ky. Acts ch. 255, sec. 47, effective July 15, 1998.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.