Ill. Admin. Code tit. 23, § 155.40 - Altering Electronic Fund Transfer Arrangements
Current through Register Vol. 46, No. 15, April 8, 2022
a) A participant wishing to designate a
different account for the transfer of funds under this Part shall complete a
new authorization form as called for in Section
155.30(a)
of this Part and submit it to the State Superintendent of Education at least 30
days before activation of transfers to the new account is desired.
b) Each change in an account will be
confirmed via submission of a pre-note transfer as described in Section
155.30(e)
of this Part.
c) After the State
Superintendent receives confirmation of an accurate pre-note fund transfer, all
payments to the participant will be made to the newly designated
account.
Notes
Amended at 29 Ill. Reg. 10131, effective June 30, 2005
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