New Mexico Administrative Code
Title 8 - SOCIAL SERVICES
Chapter 50 - CHILD SUPPORT ENFORCEMENT PROGRAM
Part 117 - INTERNATIONAL CHILD SUPPORT ENFORCEMENT
Section 8.50.117.9 - FOREIGN CURRENCY CONVERSION
Universal Citation: 8 NM Admin Code 8.50.117.9
Current through Register Vol. 35, No. 18, September 24, 2024
Some interstate cases handled by the IV-D agency are received from foreign nations or are initiated to foreign nations.
A. Responding international cases:
(1) Establishment of an obligation for
support: If the IV-D agency is asked to establish an order for support by the
child support agency of a foreign nation, the IV-D agency shall:
(a) file the action in the appropriate state
district court;
(b) convert the
custodial party's income into United States dollars, provided that it is
appropriate to utilize the custodial party's income in a calculation of support
under the laws of New Mexico;
(c)
utilize the non-custodial parent's actual or imputed income, in United States
dollars;
(d) obtain a support order
to be paid in United States dollars; and
(e) all payments collected by the IV-D
agency's SDU shall be remitted to the child support agency in the foreign
nation in United States dollars.
(2) Enforcement of a foreign nation's order
for support: If the IV-D agency is asked to enforce an existing order for
support from a foreign nation, the IV-D agency shall:
(a) register the order for support in the
appropriate state district court;
(b) at the time of registration of the
foreign support order, the amount of the obligation registered for enforcement
shall be in United States dollars; if the initiating jurisdiction has not
already converted the monetary amount into United States dollars, the IV-D
agency shall convert the obligation from the currency of the foreign nation
into United States dollars; the currency exchange rate used for the conversion
of the foreign currency into United States dollars shall be obtained by the
IV-D agency from the internet websites of respected financial journals or news
organizations; the IV-D agency shall, at the time of the conversion, print out
and retain in its file a copy of the dated exchange rate information relied
upon by the IV-D agency in calculating the correct amount of the obligation to
be enforced in United States dollars.
B. Initiating international cases: In all cases initiated by the IV-D agency to the child support agency of a foreign nation, regardless of whether for the establishment or the enforcement of an obligation of support, the IV-D agency shall ensure all financial records or information sent by the IV-D agency reflect United States dollars.
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