EDR in the News
We recently rolled-out the Financial Institution Record Match (FIRM) program to conform to R&TC Sections 19266 and 19560.5. These statutes authorize us to implement a quarterly data match process to match our tax and non-tax debtor files against accounts held at financial institutions doing business in California. Financial institutions include banks, credit unions, insurance companies, brokerage companies, etc. This matching process provides us information about potential assets for collection purposes.
In April 2012, we kicked-off the first phase of the FIRM program. At that time, we notified approximately 180 financial institutions of their required participation in the FIRM program. On an ongoing basis we will notify additional financial institutions of their required participation.