For multi-state financial institutions, how should levies received from other states be handled?
Multi-state financial institutions can set their own policy for handling levies received from other states. Minnesota’s levy Statute 552 does not require financial institutions to accept direct levies from other states; however, the statute also does not preclude a multi-state financial institution from honoring levies if the financial institution so chooses. Minnesota’s Child Support Enforcement Division recommends that multi-state financial institutions check with their institution’s legal counsel to establish a policy on whether your financial institution will accept direct levies from other states or not. If your financial institution establishes a policy where direct levies are not accepted, the financial institution will need to notify the sending state that your institution cannot accept direct levies. Your financial institution will also need to notify the federal Office of Child Support Enforcement of this policy and you will have to provide separate levy addresses to the fede
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