Illinois § 10-24.50 Financial institution's freedom from liability

Illinois Statutes

§ 10-24.50 — Financial institution's freedom from liability

Illinois § 10-24.50

JurisdictionIllinois

TopicHUMAN NEEDS

Ch. 305PUBLIC AID

Act 305 ILCS 5/Illinois Public Aid Code.

Art.Article X - Determination And Enforcement Of Support Responsibility Of Relatives

This text of Illinois § 10-24.50 (Financial institution's freedom from liability) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

305 Ill. Comp. Stat. 10-24.50 (2026).

Text

A financial institution that provides information under Sections 10-24 through 10-24.50 shall not be liable to any account holder, owner, or other person in any civil, criminal, or administrative action for any of the following:

(1)Disclosing the required information to the Illinois Department, any other provisions of the law notwithstanding.

(2)Holding, encumbering, or surrendering any of an individual's accounts as defined in Section 10-24 in response to a lien or order to withhold and deliver issued by:

(A)the Illinois Department under Sections 10-25 and 10-25.5; or (B) a person or entity acting on behalf of the Illinois Department.

(3)Any other action taken or omission made in good faith to comply with Sections 10-24 through 10-24.50, including individual or mechanical errors, prov

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A financial institution that provides information under Sections 10-24 through 10-24.50 shall not be liable to any account holder, owner, or other person in any civil, criminal, or administrative action for any of the following: (1) Disclosing the required information to the Illinois Department, any other provisions of the law notwithstanding. (2) Holding, encumbering, or surrendering any of an individual's accounts as defined in Section 10-24 in response to a lien or order to withhold and deliver issued by: (A) the Illinois Department under Sections 10-25 and 10-25.5; or (B) a person or entity acting on behalf of the Illinois Department. (3) Any other action taken or omission made in good faith to comply with Sections 10-24 through 10-24.50, including individual or mechanical errors, provided that the action or omission does not constitute gross negligence or willful misconduct.