Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 26.00 - Security Deposits and Late Payment Charges Applicable to Non-residential Customers
Section 26.07 - Method of Payment

Universal Citation: 220 MA Code of Regs 220.26
Current through Register 1531, September 27, 2024

A security deposit required by any company pursuant to 220 CMR 26.00 shall be payable in cash, certified check, bond, irrevocable letter of credit, or any other guaranteed means of payment. Where such deposit is paid by means other than cash, such means shall be renewed as necessary in order to maintain the security deposit. A company may condition service upon the verification of the enforceability of any non-cash means of payment, provided that such non-cash means is not enforceable on its face or does not appear to be a generally accepted manner of guarantee. A company shall have available to it all forms of enforcement provided for in 220 CMR 26.00 if such non-cash security deposit is determined to be unenforceable and is not cured within ten days of a request by a company.

Disclaimer: These regulations may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.