Iowa § 252I.7 Responsibilities of financial institution

Iowa Statutes

§ 252I.7 — Responsibilities of financial institution

Iowa § 252I.7

Title VIHUMAN SERVICES

Ch. 252ISUPPORT PAYMENTS — LEVIES AGAINST ACCOUNTS

This text of Iowa § 252I.7 (Responsibilities of financial institution) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 252I.7 (2026).

Text

Upon receipt of a notice under section 252I.5, the financial institution shall do all of the following:

1.Immediately encumber funds in all accounts in which the obligor has an interest to the extent of the debt indicated in the notice from child support services.

2.No sooner than fifteen days, and no later than twenty days from the date the financial institution receives the notice under section 252I.5, unless notified by child support services of a challenge by the obligor or an account holder of interest, the financial institution shall forwardthemoneysencumberedtothecollectionservicescenterwiththeobligor’snameand social security number, collection services center account number, and any other information required in the notice.

3.The financial institution may assess a fee against th

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Upon receipt of a notice under section 252I.5, the financial institution shall do all of the
following:
1. Immediately encumber funds in all accounts in which the obligor has an interest to the
extent of the debt indicated in the notice from child support services.
2. No sooner than fifteen days, and no later than twenty days from the date the financial
institution receives the notice under section 252I.5, unless notified by child support services
of a challenge by the obligor or an account holder of interest, the financial institution shall
forwardthemoneysencumberedtothecollectionservicescenterwiththeobligor’snameand
social security number, collection services center account number, and any other information
required in the notice.
3. The financial institution may assess a fee against the obligor, not to exceed ten dollars,
forforwardingofmoneystothecollectionservicescenter. Thisfeeisinadditiontotheamount
ofsupportdue. Intheeventthatthereareinsufficientmoneystocoverthefeeandthesupport
amount due, the institution may deduct the fee amount prior to forwarding moneys to the
collection services center and the amount credited to the support obligation shall be reduced
by the fee amount.