Nonsufficient Funds

PURPOSE: The purpose of this rule is to establish policy for the treatment of nonsufficient funds submitted by the licensees. (1) Any licensee whose account does not contain sufficient funds for debiting by electronics funds transfer (EFT) for any and all payments shall be subject to changes in credit limits or establishment of special payment arrangements as may be required by the Missouri Lottery. (2) After the Missouri Lottery notifies a licensee of a non-transfer of funds (NTF), the retailer shall pay the amount of the NTF by re-sweep, certified check, cashier’s check, or money order immediately upon notification of an NTF as directed by the Missouri Lottery. (3) The lottery may charge an additional fee for each NTF returned. (4) Any licensee who fails to comply with the conditions established by the Missouri Lottery shall be subject to suspension or revocation under section 313.255.7(3). (5) If the director is satisfied that a debit was returned NTF as a result of the Missouri Lottery or of mistakes by any banking institution, s/he may waive the requirements of this rule. AUTHORITY: section 313.220, RSMo Supp. 2014.* Original rule filed May 5, 1986, effective May 15, 1986. Amended: Filed Aug. 23, 2000, effective March 30, 2001. Amended: Filed July 15, 2014, effective Feb. 28, 2015. *Original authority: 313.220, RSMo 1985, amended 1988, 1993, 1995, 2003.