R 431.5015 Establishment of accounts.

Rule 5015. (1) A person must establish an account with the TPF before placing an account wager. An account may only be established with a licensed TPF. (2) Accounts can only be established by natural persons and will not be transferable between persons. (3) To establish an account, an application must be electronically signed or otherwise expressly authorized by the applicant and must contain the following information: (a) The applicant's full legal name. (b) The applicant's principal residence address. (c) The applicant's telephone number. (d) Proper identification or certification demonstrating that the applicant is at least 18 years of age. (e) Any other information the executive director determines is necessary to carry out its duties under applicable laws and rules. (4) A TPF may not sell or share an applicant or account holder's confidential information, or use an applicant or account holder's confidential information for any purpose not related to authorized account wagering, except as authorized by the applicant or account holder. (5) Each application for an account shall be verified with respect to name, principal residence address, and date of birth either by an independent service provider or another means authorized by the executive director to adequately ensure the accuracy of the information. (6) A TPF must provide the following information to each applicant when an account is established: (a) The process for funding accounts and making withdrawals from accounts. (b) Account wagering rules and procedures, methods, timing of crediting and debiting accounts, user fees, and any other information considered necessary by the executive director. (c) Notice that the account holder may place wagers only on races authorized for pari- mutuel wagering under Michigan law. (d) A unique account number. (e) Notice that an account holder must be at least 18 years of age and that individuals under the age of 18 shall not have access to the account. (f) Information on responsible wagering and how to obtain assistance with problem gambling, including the contact information for at least one problem gambling assistance program. (g) Procedures for resolving disputes between the account holder and the TPF. (h) Any other information considered appropriate by the executive director. (7) The executive director must approve any changes to the account’s terms and conditions, before implementation by the TPF. (8) The TPF must notify the account holder when the terms and conditions governing the account are changed. The notification must be before the new procedures are applied to the account. The account holder must have the opportunity to close the account. If the account is not closed, it is presumed the account holder accepted the new terms and conditions of the account. (9) An account holder is required to supply a secure personal identification code when establishing an account. The account holder is required to supply the code when making deposits or withdrawals from the account and when placing a wager. The account holder has the right to change the code at any time. (10) Nothing in this chapter prohibits a TPF from refusing to open an account for reasonable business reasons.