Ch. 138

2003 LAWS OF MARYLAND

1.       an account or portion of an account to which an obligor
does not have access due to the pledge of the funds as security for a loan or other
obligation;

2.       funds or property deposited to an account after the time
that the financial institution initially attaches the account;

3.       an account or portion of an account to which the financial
institution has a present right to exercise a right of setoff;

4.       an account or portion of an account that has an account
holder of interest named as an owner on the account; or

5.       an account or portion of an account to which the obligor
does not have an unconditional right of access.

(3)     "Account holder of interest" means any person, other than the obligor,
who asserts an ownership interest in an account.

(4)     "Financial institution" means:

(i) a depository institution, as defined in the Federal Deposit
Insurance Act at 12 U.S.C. § 1813(c);

(II) AN INSTITUTION-AFFILIATED PARTY, AS DEFINED IN THE
FEDERAL DEPOSIT INSURANCE ACT AT 12 U.S.C. § 1813(U);

[(ii)] (III) a federal OR STATE credit union, as defined in the Federal
Credit Union Act at 12 U.S.C. § 1752;

[(iii)] (IV) a State credit union regulated under Title 6 of the
Financial Institutions Article; [or]

(V) AN INSTITUTION-AFFILIATED PARTY, AS DEFINED IN THE
FEDERAL CREDIT UNION ACT AT 12 U.S.C. § 1786(R); OR

[(iv)] (VI) a benefit association, insurance company, safe deposit
company, money-market mutual fund, or similar entity doing business in the State
that holds property or maintains accounts reflecting property belonging to others.

(B) FOR PURPOSES OF SUBSECTION (A)(4)(V) OF THIS SECTION, ANY
REFERENCE TO "INSURED CREDIT UNION" AT 12 U.S.C. § 1786(R) SHALL BE
CONSTRUED TO INCLUDE A CREDIT UNION INSURED IN ACCORDANCE WITH §
6-701(A)(2) OF THE FINANCIAL INSTITUTIONS ARTICLE.

[(b)] (C) To carry out the purposes of this section, the Administration may
request from any financial institution information and assistance to enable the
Administration to enforce the liability of a parent to support a child of the parent.

[(c)] (D) (1) The Administration may request not more than four times a
year from a financial institution the information set forth in subsection [(d)(2)] (E)(2)
of this section concerning any obligor in arrears in paying child support through a
support enforcement agency.

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