34 Tex. Admin. Code § 5.47 - Deductions for Payments to Credit Unions
(a) Definitions. The following words and
terms, when used in this section, shall have the following meanings, unless the
context clearly indicates otherwise.
(1)
CAPPS--The centralized accounting and payroll/personnel system, or any
successor system used to implement the enterprise resource planning component
of the uniform statewide accounting project, developed under Government Code,
§
2101.035 and §
2101.036.
(2) Comptroller--The comptroller of public
accounts for the State of Texas.
(3) Credit union--A state credit union, an
out-of-state credit union, a foreign credit union, or a federal credit
union.
(4) Electronic funds
transfer--A payment made electronically instead of by warrant or check. The
term includes a payment made through an automated clearinghouse, by bank wire,
or by federal wire.
(5) Employer--A
state agency that employs a state employee who authorizes a deduction under
this section.
(6) Federal credit
union--A credit union organized under 12 U.S.C. Chapter 14.
(7) Foreign credit union--A credit union that
is not organized under the laws of this state or the United States if the
credit union is authorized under Finance Code, Title 3, Subtitle D, to do
business in this state.
(8)
Holiday--A state or national holiday as specified by the General Appropriations
Act or Government Code, §§
662.001 -
662.010.
(9) Include--A term of enlargement and not of
limitation or exclusive enumeration. The use of the term does not create a
presumption that components not expressed are excluded.
(10) Institution of higher education--Has the
meaning assigned by Education Code, §
61.003.
(11) May not--A prohibition. The term does
not mean "might not" or its equivalents.
(12) Out-of-state credit union--A credit
union organized under the laws of a state other than Texas if the credit union
is authorized under Finance Code, Title 3, Subtitle D, to do business in this
state.
(13) Participating credit
union--A credit union that the comptroller has certified according to this
section.
(14) Salary or wages--Base
salary or wages, longevity pay, or hazardous duty pay.
(15) State agency--A department, commission,
board, office, or other agency of any branch of Texas state government,
including an institution of higher education.
(16) State credit union--A voluntary,
cooperative, nonprofit financial institution that is authorized under Finance
Code, Title 3, Subtitle D, to do business in this state for the purposes of:
(A) encouraging thrift among its
members;
(B) creating a source of
credit at fair and reasonable rates of interest;
(C) providing an opportunity for its members
to use and control their own money to improve their economic and social
condition; and
(D) conducting any
other business, engaging in any other activity, and providing any other service
that may be of benefit to its members subject to Finance Code, Title 3,
Subtitle D, and rules adopted under that law.
(17) State employee--An employee of a state
agency. The term includes an elected or appointed official, a part-time
employee, an hourly employee, a temporary employee, an employee who is not
covered by Government Code, Chapter 654, and a combination of the preceding.
The term excludes an independent contractor and an employee of an independent
contractor.
(18) Workday--A
calendar day other than Saturday, Sunday, or a holiday.
(b) Deductions or changes in deductions.
(1) References in this section. A reference
in this section to a deduction without further qualification or explanation is
a reference only to a deduction from a state employee's salary or wages to make
a payment to a participating credit union.
(2) Authorization of a deduction or a change
in the amount of a deduction.
(A) A state
employee may authorize a deduction or a change in the amount of a deduction
only if the employee:
(i) submits to the
participating credit union to which the deducted amounts will be paid a
properly completed authorization form establishing a deduction or changing the
amount of a deduction; or
(ii)
submits through CAPPS a properly completed electronic authorization
establishing a deduction or changing the amount of a deduction.
(B) A state employee may not
authorize more than three monthly deductions from the employee's salary or
wages. However, a state employee may not authorize more than one monthly
deduction to any particular participating credit union.
(C) A state employee may authorize a change
in the amount to be deducted from the employee's salary or wages at any
time.
(D) Neither the comptroller
nor a state agency is liable or responsible for any damages or other
consequences resulting from a state employee authorizing an incorrect amount of
a deduction or a change in the amount of a deduction.
(E) This subparagraph applies only if a state
employee authorizes a deduction or changes the amount of a deduction by
submitting a properly completed authorization form to the participating credit
union to which the deducted amounts will be paid under subparagraph (A)(i) of
this paragraph.
(i) If the employee completing
the authorization form is required to pay an administrative fee, the amount of
the fee must be stated on the form before the employee signs it.
(ii) The credit union shall submit in a
secure manner the authorization form to the employer not later than the tenth
workday after the day on which the form becomes effective.
(F) This subparagraph applies only if a state
employee authorizes a deduction or changes the amount of a deduction by
submitting a properly completed electronic authorization through CAPPS under
subparagraph (A)(ii) of this paragraph. The employer shall notify the
participating credit union in writing of a deduction or change in the amount of
a deduction when the employer submits the next monthly detail report to the
credit union.
(3)
Sufficiency of salary or wages to support a deduction.
(A) A state employee is solely responsible
for ensuring that the employee's salary or wages are sufficient to support a
deduction.
(B) If a state
employee's salary or wages are sufficient to support only part of a deduction,
no part of the deduction may be made. If a state employee has authorized more
than one deduction and the employee's salary or wages are insufficient to
support all the deductions, none of the deductions may be made.
(C) The amount that could not be deducted
from a state employee's salary or wages because of subparagraph (B) of this
paragraph may not be made up by deducting the amount from subsequent payments
of salary or wages to the employee.
(4) Timing of deductions.
(A) Except as provided in subparagraph (B) of
this paragraph, a deduction must be made from the salary or wages that are paid
on the first workday of a month.
(B) If a state employee does not receive a
payment of salary or wages on the first workday of a month, the employer may
designate the payment of salary or wages from which a deduction will be made. A
deduction may be made only once each month.
(5) Cancellation of deductions.
(A) A state employee may cancel a deduction
at any time. A cancellation is effective only if the employee:
(i) submits to the participating credit union
or employer a properly completed authorization form canceling a deduction;
or
(ii) submits through CAPPS a
properly completed electronic authorization canceling a deduction.
(B) This subparagraph applies only
if a state employee cancels a deduction by submitting a properly completed
authorization form to a participating credit union under subparagraph (A)(i) of
this paragraph. The credit union shall submit in a secure manner the form to
the employer not later than the tenth workday after the day on which the form
becomes effective.
(C) This
subparagraph applies only if a state employee cancels a deduction by submitting
a properly completed authorization form to an employer under subparagraph
(A)(i) of this paragraph or by submitting a properly completed electronic
authorization through CAPPS under subparagraph (A)(ii) of this paragraph. The
employer shall notify the participating credit union in writing of the
cancellation of a deduction when the employer submits the next monthly detail
report to the credit union.
(D)
Neither the comptroller nor a state agency is liable or responsible for any
damages or other consequences resulting from a state employee canceling a
deduction.
(6)
Interagency transfers of state employees. A state employee who transfers from
one state agency to a second state agency may be treated by the second state
agency as if the employee has not yet authorized any deductions.
(c) Effective dates of
authorization forms and electronic authorizations.
(1) Effective date of authorization forms or
electronic authorizations that request new deductions, changes in deductions,
or cancellation of deductions. This paragraph applies to a state employee's
authorization form or electronic authorization that requests a new deduction,
change in a deduction, or cancellation of a deduction. The employer may decide
when the first deduction from the employee's salary or wages, or the change or
cancellation of the deduction, will occur. However, the authorized deduction,
change in a deduction, or cancellation of a deduction must begin not later than
with the employee's salary or wages that are paid on the first workday of the
second month following the month in which:
(A)
the employer receives the authorization form; or
(B) the electronic authorization is submitted
through CAPPS.
(2) Copies
of authorization forms.
(A) A participating
credit union is solely responsible for making a copy of an authorization form
before the credit union submits the form to an employer.
(B) A state employee is solely responsible
for making a copy of an authorization form before the employee submits the form
to a participating credit union or employer.
(d) Return of authorization forms.
(1) Mandatory return. An employer shall
return an authorization form to the participating credit union or state
employee that submitted the form if it:
(A)
is incomplete, contains erroneous data, or is otherwise insufficient and the
insufficiency makes it impossible for the employer to cancel, establish, or
change the deduction according to the form; or
(B) is for an individual who is not employed
by the employer.
(2)
Discretionary return. An employer may return an authorization form to the
participating credit union or state employee that submitted the form if the
form is a copy or facsimile.
(e) Requirements for the content and format
of authorization forms.
(1) Prohibition
against distributing or providing authorization forms. A participating credit
union may not distribute or provide an authorization form to a state employee
until the credit union has received the comptroller's written approval of the
form.
(2) Requirement to produce
authorization forms. As a condition for retaining its certification, a
participating credit union must produce an authorization form that complies
with the comptroller's requirements and this section. The credit union must
produce the form within a reasonable time after receiving its certification
from the comptroller.
(3) Using
previously approved authorization forms. A participating credit union may use
an authorization form that the comptroller has approved for use by another
participating credit union if the form is modified so that the first credit
union's name appears at the top of the form.
(4) Restrictions on approval of authorization
forms by the comptroller. The comptroller may not approve the authorization
form of a participating credit union unless:
(A) the form has a blank space for insertion
of the amount of administrative fees the employee completing the form must pay
under this section;
(B) the name of
the credit union appears at the top of the form; and
(C) the form complies with the comptroller's
other requirements for format and substance.
(5) Revisions of authorization forms. A
participating credit union shall revise an authorization form upon request from
the comptroller. The credit union may not distribute or otherwise make
available a revised form to a state employee until the credit union has
received the comptroller's written approval of the form.
(f) Requirements for certifying and
decertifying credit unions.
(1) Request for
certification. The comptroller may not certify a credit union unless the
comptroller receives a written request for certification from an individual who
is authorized by the credit union to make the request.
(2) Requirements for requests for
certification. The comptroller may not certify a credit union unless its
request for certification includes:
(A) the
credit union's complete name;
(B)
the street address of the credit union's main branch;
(C) the mailing address of the credit union's
main branch, if different from the street address;
(D) the full name, title, telephone number,
email address, and mailing address of the credit union's primary
contact;
(E) the credit union's
Internal Revenue Service employer identification number; and
(F) the other information that the
comptroller deems necessary.
(3) Electronic funds transfers. The
comptroller may not certify a credit union unless the credit union:
(A) submits to the comptroller a request for
deducted amounts to be paid by the comptroller through electronic funds
transfers under rules and procedures adopted by the comptroller;
(B) submits to each institution of higher
education that will be paying deducted amounts directly to the credit union a
request for those amounts to be paid through electronic funds transfers;
and
(C) all those requests are
approved.
(4)
Notifications.
(A) The comptroller shall
notify a credit union in writing about the comptroller's approval or
disapproval of the credit union's request for certification not later than the
30th calendar day after the comptroller receives the request if the request is
complete in all respects. If the 30th calendar day is not a workday, the first
workday following the 30th calendar day is the deadline.
(B) The comptroller shall maintain a list of
participating credit unions. The comptroller shall periodically circulate the
list to all state agencies and furnish a copy of the list to a state agency
upon request.
(5)
Effective date of certification. The first deduction to a participating credit
union may be made from salary or wages paid on the first workday of the second
month following the month in which the comptroller certifies the credit
union.
(6) Termination of
certification.
(A) A participating credit
union may terminate its participation in the deduction program authorized by
this section only by terminating its certification.
(B) A participating credit union may
terminate its certification by providing written notice of termination to the
comptroller. However, the credit union may not provide that notice before the
credit union has provided written notice of termination to each state employee
from whose salary or wages a deduction to the credit union is
occurring.
(C) A participating
credit union's termination of its certification is effective beginning with the
salary or wages paid on the first workday of the third month following the
month in which the comptroller receives the credit union's proper notice of
termination.
(g) Payments of deducted amounts.
(1) Payments by the comptroller through
electronic funds transfers.
(A) If feasible,
the comptroller shall pay deducted amounts to a participating credit union by
electronic funds transfer.
(B) If
the comptroller pays deducted amounts to a participating credit union by
electronic funds transfer, the comptroller may:
(i) make one transfer to the credit union and
require it to distribute the transferred funds to state employees' accounts
according to subsection (h) of this section; or
(ii) make one transfer to the credit union
account of each state employee.
(2) Payments through warrants issued by the
comptroller.
(A) If it is infeasible for the
comptroller to pay deducted amounts to a participating credit union by
electronic funds transfer, the comptroller shall:
(i) pay the amounts by warrant;
(ii) make the warrant payable to the credit
union;
(iii) require the credit
union to distribute the deducted amounts to state employees' accounts according
to subsection (h) of this section; and
(iv) make the warrant available for pick up
by the employer whose employees' deducted amounts are being paid by the
warrant.
(B) An employer
shall hand-deliver or use an overnight delivery service to deliver a warrant
picked up under subparagraph (A) of this paragraph to the payee of the warrant.
(i) If the warrant relates to salary or wages
that are paid on the first workday of a month, the employer shall:
(I) release the warrant to an overnight
delivery service not later than the second workday of the month for delivery to
the payee of the warrant; or
(II)
hand-deliver the warrant to the payee of the warrant not later than the third
workday of the month.
(ii) If the warrant relates to salary or
wages that are paid on a day other than the first workday of a month, the
employer shall:
(I) release the warrant to an
overnight delivery service not later than the second workday after the employer
receives the warrant for delivery to the payee of the warrant; or
(II) hand-deliver the warrant to the payee of
the warrant not later than the third workday after the employer receives the
warrant.
(3) Payments by institutions of higher
education.
(A) This paragraph applies only to
deductions from salaries or wages that the comptroller does not pay directly to
state employees of institutions of higher education.
(B) If feasible, an institution of higher
education shall pay deducted amounts to a participating credit union by
electronic funds transfer.
(C) If
an institution of higher education pays deducted amounts to a participating
credit union by electronic funds transfer, the institution may:
(i) make one transfer to the credit union and
require it to distribute the transferred funds to state employees' accounts
according to subsection (h) of this section; or
(ii) make one transfer to the credit union
account of each state employee.
(D) If it is infeasible for an institution of
higher education to pay deducted amounts to a participating credit union by
electronic funds transfer, the institution shall:
(i) pay the amounts by check;
(ii) make the check payable to the credit
union; and
(iii) require the credit
union to distribute the deducted amounts to state employees' accounts according
to subsection (h) of this section.
(E) An institution of higher education shall
hand-deliver or use an overnight delivery service to deliver a check issued
under subparagraph (D) of this paragraph to the payee of the check.
(i) If the check relates to salary or wages
that are paid on the first workday of a month, the institution shall:
(I) release the check to an overnight
delivery service not later than the second workday of the month for delivery to
the payee of the check; or
(II)
hand-deliver the check to the payee of the check not later than the third
workday of the month.
(ii) If the check relates to salary or wages
that are paid on a day other than the first workday of a month, the institution
shall:
(I) release the check to an overnight
delivery service not later than the second workday after the date printed on
the check for delivery to the payee of the check; or
(II) hand-deliver the check to the payee of
the check not later than the third workday after the date printed on the
check.
(h) Distributions of deducted amounts.
(1) Applicability of this subsection. This
subsection applies to deducted amounts only if they are paid to a participating
credit union under subsection (g)(1)(B)(i), (g)(2), (g)(3)(C)(i), or (g)(3)(D)
of this section.
(2) Requirement. A
participating credit union shall distribute the amount deducted from a state
employee's salary or wages to the proper account of the employee at the credit
union.
(3) Deadline for
distributions.
(A) This subparagraph applies
only if a participating credit union receives a payment of deducted amounts
through an electronic funds transfer. The credit union shall distribute them
according to paragraph (2) of this subsection not later than the first workday
after the credit union receives the detail report for the deducted
amounts.
(B) This subparagraph
applies only if a participating credit union receives a payment of deducted
amounts through a warrant or check. The credit union shall distribute them
according to paragraph (2) of this subsection not later than the first workday
after the credit union receives the warrant or check.
(4) Distribution of interest earned. This
paragraph applies only to the interest that accrues while an employee's
deducted amounts are in a credit union account awaiting distribution to the
employee's account at the credit union. The interest shall be paid to the
employee's account unless the credit union determines the payment would violate
federal or state law or an agreement between the credit union and the
employee.
(i) Charging
administrative fees to cover costs incurred to make deductions.
(1) Requirement.
(A) This subparagraph applies to a state
employee whose salary or wages are paid through a warrant issued or an
electronic funds transfer initiated by the comptroller. The comptroller may not
charge the employee an administrative fee to cover the cost of making the
deduction.
(B) If a state
employee's salary or wages are paid through a check issued or an electronic
funds transfer initiated by an institution of higher education and the
institution's payroll costs are reimbursed from the state treasury, the
institution may determine whether the employee must pay an administrative fee
to cover the cost of making the deduction. The fee, if charged, shall be paid
through payroll deduction.
(2) Determination by an institution of higher
education of the amount of the fee.
(A) An
institution of higher education shall determine the amount of the
administrative fee, if any, to be paid by a state employee covered by paragraph
(1)(B) of this subsection.
(B) The
institution shall periodically recalculate the fee to ensure that the amount of
the fee equals the cost of making the deduction. Except as otherwise provided
in this subparagraph, the institution shall notify each participating credit
union and employee of the institution in writing whenever the institution
calculates or recalculates the fee. The institution is not required to notify
an employee who has not authorized a deduction or a participating credit union
to which no employee of the institution has authorized a currently-effective
deduction.
(3) Payment of
the administrative fees. The total amount of administrative fees that an
institution of higher education deducts from its state employees' salary and
wages shall be paid to the institution.
(j) Canceled payments of salary or wages;
refunding deducted amounts to employers.
(1)
Canceled payments of salary or wages.
(A) An
employer shall notify a participating credit union in writing about the
employer's cancellation of a payment of salary or wages to a state employee not
later than the day the employer processes the cancellation. This subparagraph
applies only if:
(i) the payment is canceled
after the employer has hand-delivered to the credit union or released to an
overnight delivery service a monthly or an additional detail report;
and
(ii) the deductions covered by
the report include deductions from the canceled payment of salary or
wages.
(B) If an employer
notifies a credit union that the employer has canceled a payment of salary or
wages to a state employee and if the credit union receives the notice before it
distributes deducted amounts to the employee's account, the credit union may
not make the distribution.
(C) If a
credit union's distribution of deducted amounts is prohibited by subparagraph
(B) of this paragraph, the employer that paid them to the credit union shall
obtain a refund of them according to paragraph (3)(A) or (B) of this
subsection.
(D) If an employer
notifies a credit union that the employer has canceled a payment of salary or
wages to a state employee and if the credit union receives the notice after it
distributes deducted amounts to the employee's account, the credit union shall
withdraw the amounts from the account unless:
(i) the credit union determines the
withdrawal would violate federal or state law; or
(ii) the amount of funds in the account is
insufficient for withdrawal of the full amount.
(E) A credit union that receives notification
under subparagraph (A) of this paragraph that an employer has canceled a
payment of salary or wages to a state employee shall promptly notify the
employer in writing about whether the employee's deducted amounts have been
distributed to the employee's account. If the distribution has occurred, the
credit union shall also notify the employer about whether the amounts have been
withdrawn from the employee's account under subparagraph (D) of this paragraph.
The credit union's notification to the employer must be made in
writing.
(2)
Authorization of refunds. The payment of a state employee's deducted amounts to
a participating credit union shall be refunded to the employer only if:
(A) they exceed the amount that should have
been paid to the credit union, and they have not been distributed to the
employee's account at the credit union; or
(B) they have been withdrawn from the
employee's account at the credit union according to paragraph (1)(D) of this
subsection.
(3) Method
for accomplishing refunds. If a refund from a participating credit union is
required by paragraph (1)(C) or (2) of this subsection, the refund shall be
accomplished by:
(A) the employer of the
state employee whose deducted amounts are being refunded subtracting the amount
of the refund from a subsequent payment of deducted amounts to the credit
union; or
(B) the credit union
issuing a check to the employer in the amount of the refund, if authorized by
paragraph (4) of this subsection.
(4) Paying refunds by check. A participating
credit union may issue a check to an employer only if it submits to the credit
union a written request for the refund to be made by check.
(5) Deadline for paying refunds by check. If
a participating credit union is authorized by paragraph (4) of this subsection
to make a refund to an employer by check, the credit union shall ensure that
the employer receives the check not later than the 30th calendar day after the
date on which the credit union receives the employer's written request for the
refund. If the 30th calendar day is not a workday, the first workday following
the 30th calendar day is the deadline.
(k) Responsibilities of participating credit
unions.
(1) Notification to the comptroller. A
participating credit union shall notify the comptroller in writing immediately
after a change occurs to:
(A) the credit
union's name;
(B) the street
address of the credit union's main branch;
(C) the mailing address of the credit union's
main branch, if different from the street address;
(D) the full name, title, telephone number,
email address, or mailing address of the credit union's primary contact;
or
(E) the credit union's routing
number or bank account number.
(2) Primary contact. The individual that a
credit union designates as its primary contact must represent the credit union
for the purposes of:
(A) communicating with
the comptroller, including receiving and responding to correspondence from the
comptroller;
(B) disseminating
information, including information about the requirements of this section, to
representatives of the credit union; and
(C) communicating with employers about
payment reconciliation and refunds.
(3) Payment reconciliation and discrepancies.
(A) A participating credit union shall
reconcile the detail report provided by an employer under subsection (l) of
this section with the deducted amounts paid to the credit union by the employer
under subsection (g) of this section.
(B) A participating credit union shall report
all discrepancies between a detail report provided by an employer and the
actual amount of deductions received from the employer. The credit union shall
provide in a secure manner its report to the employer that submitted the detail
report. The credit union must ensure that its report is received not later than
the 60th calendar day after the day on which the detail report was mailed,
hand-delivered, or released, whichever applies. If the 60th calendar day is not
a workday, the first workday following the 60th calendar day is the
deadline.
(4) Submission
of detail reports. A participating credit union that wants a monthly or
additional detail report to be submitted to an entity other than the credit
union must notify the comptroller in writing. An employer is not required to
submit the report to the entity before the employer has received notification
from the comptroller that the report must be submitted to the entity.
(l) Responsibilities of employers
.
(1) Authorization forms. An employer :
(A) may accept an authorization form only if
it complies with this section; and
(B) is not required to accept an
authorization form that contains an obvious alteration without the state
employee's written consent to the alteration.
(2) Monthly detail reports to participating
credit unions.
(A) An employer shall submit in
a secure manner a monthly detail report to each participating credit union that
received or should have received a payment of amounts deducted from the salary
or wages of at least one of the employer's state employees. If the
participating credit union has notified the comptroller in writing that the
monthly detail reports should be submitted to an entity other than the credit
union, the reports shall be submitted to that entity.
(B) A monthly detail report may cover only
the deductions from salary or wages that are paid on the first workday of the
month. Deducted amounts that were paid by electronic funds transfer directly to
the credit union accounts of state employees may not be included in the
report.
(C) An employer shall
ensure that a monthly detail report is received by the participating credit
union or other entity under subparagraph (A) of this paragraph not later than
the third workday of the month.
(D)
A monthly detail report to a participating credit union for a particular month
must include:
(i) the name and social
security number of each state employee from whose salary or wages deducted
amounts were paid to the credit union for the month; and
(ii) the amount of deductions from each state
employee's salary or wages that were paid to the credit union for the
month.
(E) An employer
shall submit its monthly detail reports in the format required by the
comptroller.
(3)
Additional detail reports to participating credit unions.
(A) An employer shall submit in a secure
manner an additional detail report to each participating credit union that
received or should have received a payment of amounts deducted from the salary
or wages of at least one of the employer's state employees. If the
participating credit union has notified the comptroller in writing that the
additional detail reports should be submitted to an entity other than the
credit union, the reports shall be submitted to that entity.
(B) An additional detail report may cover
only the deductions from salary or wages that are paid on a day other than the
first workday of the month. Deducted amounts that were paid by electronic funds
transfer directly to the credit union accounts of state employees may not be
included in the report.
(C) This
subparagraph applies only to an additional detail report that covers deducted
amounts which are paid by electronic funds transfer to a participating credit
union. An employer shall ensure that an additional detail report is received by
the participating credit union or other entity under subparagraph (A) of this
paragraph not later than the third workday of the month after the deducted
amounts are paid to the credit union.
(D) This subparagraph applies only to an
additional detail report that covers deducted amounts which are paid by warrant
or check to a participating credit union. The report shall accompany the
warrant or check when it is mailed or otherwise delivered to the credit
union.
(E) An additional detail
report to a participating credit union for a particular month must include:
(i) the name and social security number of
each state employee from whose salary or wages deducted amounts were paid to
the credit union for the month; and
(ii) the amount of deductions from each state
employee's salary or wages that were paid to the credit union for the
month.
(F) An employer
shall submit its additional detail reports in the format required by the
comptroller.
(4) Payment
discrepancies. An employer that receives a report of discrepancies from a
participating credit union shall investigate them and notify the credit union
in writing of the action to be taken to eliminate them. The employer shall
provide the notification not later than the 30th calendar day after the
employer receives the report. If the 30th calendar day is not a workday, the
first workday following the 30th calendar day is the deadline.
(m) Responsibilities of the
comptroller. The comptroller shall notify all state agencies in writing
whenever the comptroller receives written notification from a participating
credit union that monthly or additional detail reports should be submitted to
an entity other than the credit union.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.