(a) Upon the issuance of any order or entering of a decree under this chapter which provides for child support payments, or any time thereafter following notice and opportunity for hearing, the court may, for good cause shown, require the obligor to provide security of nonexempt property that the court deems satisfactory to secure payment of child support. (b) The court, upon petition and following notice and hearing, shall no longer require the order for security if the court determines:
(i) Good cause no longer exists to require security to assure payment upon the obligation to pay child support; and (ii) There is no overdue support outstanding. (c) Once the child support obligation has terminated and arrearages satisfied, the security shall be released.
