43-3330 Listing of obligors; financial institution; duties; confidentiality.
43-3330. Listing ofobligors; financial institution; duties; confidentiality.A financial institution shall receive from the department a listingof obligors to be used in matches within the financial institution's system.The listing from the department shall include the name and social securitynumber or taxpayer identification number of each obligor to be used in matcheswithin the financial institution's system. The financial institution shallreceive the listing within thirty days after the end of each calendar quartersubsequent to January 1, 1998, and shall match the listing to its recordsof accounts held in one or more individuals' names which are open accountsand such accounts closed within the preceding calendar quarter within thirtydays after receiving the listing and provide the department with a match listingof all matches made within five working days of the match. The match listingfrom the financial institution shall include the name, address, and socialsecurity number or taxpayer identification number of each obligor matched and the balance of each account.The financial institution shall also provide the names and addresses of allother owners of accounts in the match listing as reflected on a signaturecard or other similar document on file with the financial institution. Thefinancial institution shall submit all match listings by disk, magnetic tape,or other medium approved by the department. Nothing in this section shall(1) require a financial institution to disclose the account number assignedto the account of any individual or (2) serve to encumber the ownership interestof any person in or impact any right of setoff against an account. The financialinstitution shall maintain the confidentiality of all records supplied andshall use the records only for the purposes of this section. To maintain theconfidentiality of the listing and match listing, the department shall implementappropriate security provisions for the listing and match listing which areas stringent as those established under the Federal Tax Information SecurityGuidelines for federal, state, and local agencies. SourceLaws 1997, LB 752, § 30; Laws 2010, LB712, § 39.Operative Date: July 15, 2010