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PARRIS N. GLENDENING, Governor
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Ch. 536
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AT THE ADDRESS DESIGNATED FOR THIS PURPOSE BY THE FINANCIAL INSTITUTION
OR, IF NO ADDRESS HAS BEEN DESIGNATED, TO THE PRINCIPAL OFFICE OF THE
FINANCIAL INSTITUTION.
(2) THE NOTICE SHALL CONTAIN THE FOLLOWING INFORMATION, TO
THE EXTENT KNOWN BY THE ADMINISTRATION:
(I) THE ADDRESS OF THE ADMINISTRATION;
(II) THE TELEPHONE NUMBER, ADDRESS, AND NAME OF A
CONTACT PERSON AT THE ADMINISTRATION;
(III) THE NAME AND SOCIAL SECURITY NUMBER OR OTHER
TAXPAYER IDENTIFICATION NUMBER OF THE OBLIGOR;
(IV) THE ADDRESS OF THE OBLIGOR;
(V) FOR EACH ACCOUNT OF THE OBLIGOR, THE OBLIGOR'S
ACCOUNT NUMBER AND KNOWN BALANCE WITH THE FINANCIAL INSTITUTION;
(VI) THE AMOUNT OF ARREARAGE THAT THE FINANCIAL
INSTITUTION SHALL SEIZE AND ATTACH FROM ONE OR MORE OF THE ACCOUNTS OF
THE OBLIGOR; AND
(VII) A STATEMENT INSTRUCTING THE FINANCIAL INSTITUTION TO
IMMEDIATELY ATTACH AND SEIZE THE AMOUNT OF ARREARAGE STATED IN ITEM (VI)
OF THIS PARAGRAPH FROM ONE OR MORE OF THE ACCOUNTS OF THE OBLIGOR AND,
UPON SUBSEQUENT NOTICE BY THE ADMINISTRATION, TO FORWARD THE AMOUNT
TO THE ADMINISTRATION.
(C) (1) ON RECEIPT OF THE NOTICE UNDER SUBSECTION (B) OF THIS
SECTION, THE FINANCIAL INSTITUTION SHALL PROMPTLY SEIZE AND ATTACH FROM
ONE OR MORE OF THE ACCOUNTS IDENTIFIED IN THE ADMINISTRATION'S NOTICE TO
THE FINANCIAL INSTITUTION AN AGGREGATE AMOUNT EQUAL TO THE LESSER OF
THE AMOUNTS IN ALL ACCOUNTS OR THE AMOUNT STATED IN THE NOTICE.
(2) AN ACCOUNT IDENTIFIED IN THE ADMINISTRATION'S NOTICE TO
THE FINANCIAL INSTITUTION SHALL BE HELD AS REQUIRED IN PARAGRAPH (1) OF
THIS SUBSECTION REGARDLESS OF WHETHER THE OBLIGOR MAINTAINS THE
ACCOUNT ALONE OR WITH ANOTHER PERSON OR PERSONS WHO ARE NOT OBLIGORS,
INCLUDING A SPOUSE OF THE OBLIGOR.
(3) (I) (2) NOT LATER THAN 30 DAYS AFTER THE FINANCIAL
INSTITUTION RECEIVES THE NOTICE DIRECTING IT TO SEIZE AND ATTACH
ACCOUNTS OF THE OBLIGOR, THE FINANCIAL INSTITUTION SHALL SEND NOTICE TO
THE ADMINISTRATION BY REGULAR MAIL SPECIFYING THE AGGREGATE AMOUNT
HELD UNDER THIS SUBSECTION.
(II) (3) IF AN ACCOUNT THAT HAS BEEN SEIZED AND ATTACHED
IS MAINTAINED BY THE OBLIGOR WITH ONE OR MORE ACCOUNT HOLDERS OF
INTEREST AS REFLECTED ON THE RECORDS OF THE FINANCIAL INSTITUTION, THE
FINANCIAL INSTITUTION'S NOTICE TO THE ADMINISTRATION SHALL STATE THAT
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- 4041 -
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