Ohio Administrative Code
Title 3334 - Ohio Tuition Trust Authority
Chapter 3334-1 - General Provisions
Section 3334-1-09 - Refunds; voluntary rollovers or terminations
Current through all regulations passed and filed through March 18, 2024
(A) For any Ohio college savings program accounts containing tuition credits and/or tuition units, unless the tuition payment contract provides otherwise, a purchaser (or the person controlling the account) may, by filing the appropriate notice with the authority:
All termination requests under this paragraph (A) shall require a complete liquidation of all tuition credits and/or tuition units in the account. Rollovers may be in whole or in part.
(B) Except as otherwise provided in this rule, any refund greater than one dollar made pursuant to this rule shall be paid to the account owner or, if applicable, to such other refund recipient, as designated by the account owner. The refund will be paid as soon as practicable by the authority following receipt of the written request from the account owner. Refunds less than or equal to one dollar will be retained by the authority.
Effective:
1/16/2015
Five Year
Review (FYR) Dates: 10/27/2014 and
01/16/2020
Promulgated
Under: 111.15
Statutory
Authority: 3334.08,
3334.10
Rule
Amplifies: 3334.09,
3334.10
Prior
Effective Dates: 8/21/06, 7/2/10