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MS HB1102
Bill
Status
4/20/2024
Primary Sponsor
Angela Cockerham
Click for details
AI Summary
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Allows the Department of Human Services to send notice of asset encumbrance via communication methods approved by financial institutions instead of requiring certified mail only.
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Revises the definition of "account" to include demand accounts, member accounts, time certificates of deposit, and share accounts held individually or jointly, conforming to Section 85-13-1(F).
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Maintains existing provisions allowing DHS to encumber and seize assets of obligors owing past-due child support for either 45 days or until the support issue is resolved if the obligor files a petition for hearing.
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Provides financial institutions absolute immunity from civil liability for disclosing information or encumbering assets in good faith compliance with the law, unless disclosure is willful or intentional.
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Takes effect July 1, 2024.
Legislative Description
DHS; authorize to use communication approved by financial institution for encumbrances.
Last Action
Approved by Governor
4/20/2024