Kentucky Revised Statutes Title III. Executive Branch § 15.844.Data match agreements between office and financial institutions; surrender of assets when parent is subject to lien; fee; financial institutions not liable

(1) Financial institutions doing business in the Commonwealth shall enter into cooperative agreements with the Office of the Attorney General or its designee to operate a data match system. Pursuant to the agreements, the financial institution shall be required to provide identifying information each calendar quarter for each obligated parent who maintains an account at the institution and who owes an arrearage, and who shall be identified by the Office of the Attorney General.

(2) The cooperative agreement shall include provisions for financial institutions to encumber or surrender assets held by the institutions on behalf of any obligated parent who is subject to a child support lien pursuant to KRS 15.850.

(3) The financial institution shall be paid a fee for conducting data matches from the obligor's account, not to exceed the actual cost.

(4) No liability shall arise for the Commonwealth or the financial institution under this section with respect to any disclosure of financial records for the establishment, modification, or enforcement of a child support obligation of the individual.

(5) The financial institution shall not be liable for encumbering or surrendering any assets held by such financial institution in response to a notice of lien or levy issued by the Office of the Attorney General, for any other action taken in good faith to comply with the requirement of this section.

(6) “Financial institution” means:

(7) The Office of the Attorney General may promulgate administrative regulations to implement the requirements of this section.