(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.
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