When must a financial institution provide data match information to the DOR?
Financial institutions must provide information within 120 days from the date that the information is due, as established in the financial institution agreement, or within 120 days from the date that the information is requested by the state. Failure to provide the required information may result in a penalty of $100 for each occurrence. The DOR may also commence civil proceedings to enforce the FRM program if a financial institution fails to provide the required information in a timely manner.
