Withdrawal of Money from the Court Registry
- Court Order Required. A party may withdraw money from the court registry only be court order. A party seeking to withdraw money from the court registry must file and serve a motion requesting an order permitting the withdrawal and specifying whether the moving party is seeking withdrawal before the expiration of the 14-day automatic stay imposed under FR Civ P 62(a). The proposed order should specify: (i) the name of each payee; (ii) the amount of money to be disbursed to each payee; and (iii) the percentage of accrued interest to be disbursed to each payee, if applicable.
- The party must complete a Withdrawal Payee Information form that is available from the clerk and electronically on the court’s website at www.wvsd.uscourts.gov. The social security number information collected by the clerk on the form is provided to the depository institution pursuant to Title 26 of the United States Code and Internal Revenue service regulations, as a condition of the release of said funds. This information is used for administrative purposes only and will be kept confidential. The withdrawal Payee Information form will not be filed on the court’s ECF system.
- Fees. A charge for the handling of registry funds deposited with the court will be assessed from the interest earnings in accordance with the fee schedule issued by the Director of the Administrative Office of the United States. Funds that are invested through the Court Registry Investment System will also be assessed an investment services fee from the interest earnings in accordance with the District Court Miscellaneous Fee Schedule.