N.M. Admin. Code § 8.50.114.10

Current through Register Vol. 35, No. 21, November 5, 2024

Section 8.50.114.10 - SEIZE ORDER

A. Seizure: If no written appeal is received within the time frame for appeal, or if an appeal is not upheld, a seize order will be issued by the Title IV-D agency. The financial institution must transfer the assets to the Title IV-D agency within three working days of the receipt of the seize order.

B. Appeals: If an appeal is received, it will be processed in accordance with the appeals process set forth in 8.50.130 NMAC.

8.50.114.10 NMAC - Rp, 8.50.114.10 NMAC, 12/30/10, Amended by New Mexico Register, Volume XXXII, Issue 23, December 14, 2021, eff. 1/1/2022