Financial institutions are required sign and return to the state a written Financial Institution Agreement with DHR and a Financial Institution Data Match Set-up Form. Participating financial institutions may designate a reporting agent (service provider) to perform required state processing for them. If this is desired, the appropriate fields must be filled out on the Financial Institution Data Match Set-up Form.
Computer-readable media and/or printed report of regional delinquent child-support obligors will be sent to participating financial institutions or their agents on a quarterly basis. The Federal Offset File will also be sent to the federal Financial Institution Data Match (FIDM) system for processing. The federal FIDM will perform matching for financial institutions that do business in two or more states.
The financial institution/agent has 30 days to perform an account lookup (primarily on social security number) for all of their applicable accounts. The matched account ... more.
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