District Of Columbia § 47-4481 - Financial institutions, requests for information.
Full text of District Of Columbia D.C. Code § 47-4481 — Financial institutions, requests for information., with citation guidance and answers to common questions.
§ 47-4481. Financial institutions, requests for information.
47-4481The Chief Financial Officer may request, up to 4 times per year, information and assistance from a financial institution concerning any obligor who is delinquent in the payment of taxes to aid in the enforcement of District tax laws.
The CFO’s request shall:
Include the full name of the obligor and any other names known to be used by the obligor;
Include the social security number, or other taxpayer identification number, of the obligor; and
Be transmitted to the financial institution in an electronic format, unless the financial institution asks the CFO to submit the request in hard-copy form.
Within 30 days of receipt of a request from the CFO, the financial institution shall, with respect to each obligor whose name the CFO submitted to the financial institution, submit a report, in machine-readable form, to the CFO in compliance with paragraph (3) of this subsection.
A financial institution submitting a report to the CFO pursuant to this section is prohibited from disclosing to an obligor that his or her name has been received in a request for information or furnished to the CFO.
Except as provided in subparagraph (B) of this paragraph, the report required pursuant to paragraph (1) of this subsection shall contain, to the extent reflected in the records of the financial institution:
The full name of the obligor;
The address of the obligor;
The social security number, or other taxpayer identification number, of the obligor;
Any other identifying information needed to ensure positive identification of the obligor; and
For each account of the obligor, the obligor’s account number and balance.
For a financial institution that submits reports through the Federal Parent Locator Service under 42 U.S.C. § 666(a)(17), a report that contains the information that meets the specifications required for financial-data-match reports under the Federal Parent Locator Service shall meet the requirements of this subsection.
A financial institution that submits a report in compliance with this section is not liable to any person for:
Disclosure of any information submitted to the CFO in accordance with this section; or
Any other action taken in good faith to comply with the requirements of this section.
The Mayor may institute civil proceedings to enforce this section through the Office of Attorney General for the District of Columbia.
For the purposes of this section, the term:
“Account” means any funds from a demand deposit account, checking account, negotiable order of withdrawal account, savings account, time deposit account, money market mutual fund account, or certificate of deposit account, any funds paid towards the purchase of shares or other interest in a financial institution, and any funds or property held by a financial institution, and does not include an account or portion of an account to which an obligor does not have access due to the pledge of the funds as security for a loan or other obligation, funds on property deposited to an account after the time that the financial institution initially attaches the account, an account or portion of an account to which the financial institution has a present right to exercise a right of setoff, an account or portion of an account that has an account holder of interest named as an owner on the account, or an account or portion of an account to which the obligor does not have an unconditional right of access.
“Account holder of interest” means any person, other than the obligor, who asserts an ownership interest in an account.
“CFO” means the Chief Financial Officer of the District of Columbia.
“Financial institution” means a:
Depository institution, as defined in the Federal Deposit Insurance Act under 12 U.S.C. § 1813(c);
Federal credit union or State credit union, as defined in the Federal Credit Union Act under 12 U.S.C. § 1752; or
Benefit association, insurance company, safe deposit company, money market mutual fund, or similar entity doing business in the state that holds property or maintains accounts reflecting property belonging to others.
“Obligor” means a person, whose property is subject to a tax lien.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-4481
What does D.C. Code § 47-4481 cover?
Section 47-4481 ("Financial institutions, requests for information.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 47-4481?
A common citation format is "D.C. Code § 47-4481" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 47-4481 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.