(a) The federal Social Security Act (42 USC 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.
Source Note: The provisions of this §55.556 adopted to be effective August 15, 2001, 26 TexReg 6009