Mo. Code Regs. tit. 12 § 40-20.010
Current through Register Vol. 50, No. 1, January 2, 2025
Section 12 CSR 40-20.010 - Licensees to Authorize Electronic Funds Transfer (EFT)PURPOSE: This amendment allows retailer EFT requirements to be combined into a single rule.
(1) Licensees shall authorize the debiting of an account in their names for the purpose of electronic funds transfer to a collection account. (A) The licensee shall execute all forms required by his/her bank and any forms required by the transferring bank.(B) The licensee, at his/her option, may establish a separate account for the purpose of transferring funds electronically to the Missouri State Lottery Fund.(2) For persons applying for a retail license, the documents required by this rule shall be executed prior to the issuance of a license. AUTHORITY: section 313.220, RSMo 1986. Original rule filed Jan. 10, 1986, effective Jan. 20, 1986. Amended: Filed May 5, 1986, effective May 15, 1986.Amended by Missouri Register January 15, 2015/Volume 40, Number 02, effective 2/28/2015Amended by Missouri Register May 15, 2018/Volume 43, Number 10, effective 7/2/2018