2005 Idaho Code - 32-1608 — DUTIES OF THE FINANCIAL INSTITUTION

                                  TITLE  32
                              DOMESTIC RELATIONS
                                  CHAPTER 16
                   FINANCIAL INSTITUTION DATA MATCH PROCESS
    32-1608.  DUTIES OF THE FINANCIAL INSTITUTION. (1) Upon receipt or
acceptance of an asset withholding order issued by the department pursuant to
this chapter, the financial institution shall immediately freeze the asset
subject to the withholding order up to the maximum amount as set forth in
section 32-1601(6), Idaho Code. The financial institution shall honor the
terms of the account of the said asset, except when the terms conflict with
compliance with this chapter. The financial institution shall freeze, release
or surrender the asset as provided in this chapter.
    (2)  The financial institution shall be required to mail, within two (2)
business days, copies of the asset withholding order and notice, provided by
the department pursuant to section 32-1605(3), Idaho Code, to the obligor and
to each co-owner, based on the records of the financial institution. A fee not
to exceed five dollars ($5.00) per mailing may be assessed by the financial
institution for sending the required copies of the documents. The fee can be
withheld in addition to the amount ordered withheld. If funds are inadequate
to cover the amount of the asset withholding order and the fees, the fees may
be withheld from the asset before the remaining balance is applied to the
withholding order.
    (3)  The financial institution shall complete and return to the department
any asset verification form provided by the department within fourteen (14)
days from the date of receipt of the asset verification form.
    (4)  Upon notification by the department that the obligor has not filed a
request for hearing within the allowed time, the financial institution will
release the asset promptly to the department by sending the funds to the
department.