Section 0465-02-06-.03 - FINANCIAL MANAGEMENT(1) The licensee holding or receiving funds or property for the person supported as trustee or representative payee will adhere to all laws, state and federal, that govern their position and relation to persons supported.(2) The licensee must prohibit staff and proprietors from borrowing money from persons supported.(3) The licensee must ensure that all money held and disbursed on behalf of persons supported is for the strict, personal benefit of the person supported.(4) The licensee must not mix its funds with those of the person supported.(5) The licensee must not take funds or property of the person supported for the licensee's own use or gain.(6) The licensee must provide an annual reporting of the funds of the person supported, which are being held and disbursed by the licensee to the person supported or his/her legal representative (conservator, parent, guardian, or legal custodian).Tenn. Comp. R. & Regs. 0465-02-06-.03
New rules filed July 6, 2016; effective 10/4/2016.Authority: T.C.A. §§ 4-4-103, 4-5-202, 33-1-201, 33-1-302, 33-1-303, 33-1-305, 33-1-309, 33-2-301, 33-2-302, 33-2-404, 33-2-407.