Missouri Code of State Regulations
Title 12 - DEPARTMENT OF REVENUE
Division 40 - State Lottery
Chapter 20 - Fiscal
Section 12 CSR 40-20.010 - Licensees to Authorize Electronic Funds Transfer (EFT)
Universal Citation: 12 MO Code of State Regs 40-20.010
Current through Register Vol. 49, No. 6, March 15, 2024
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.
Disclaimer: These regulations may not be the most recent version. Missouri 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.
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