Utah Admin. Code R25-22-3 - Process for Validation of a Financial Institution
(1) A Financial Institution requesting access
to the medical cannabis inventory control system in accordance with this rule
must have an established account with a Utah MRB before access may be granted.
(a) The Utah MRB must verify its account
status with the requesting Financial Institution with the Division of
Finance.
(b) A Financial
Institution may become validated in accordance with this rule, but not be
granted access until an account is established with a Utah MRB.
(2) A Financial Institution
requesting validation in accordance with this rule must submit documentation
required in Section
R25-22-4
to the Division of Finance.
(3) The
Division of Finance will review submitted documentation for:
(a) completeness;
(b) self-certification of intent to comply
with relevant laws in accordance with Subsection
R25-22-4(1);
and
(c) compliance with relevant
data security requirements in accordance with Subsections
R25-22-4(2),
(3) and (4).
(4) A list of validated Financial
Institutions will be maintained by the Division of Finance and shared with the
Utah Department of Agriculture and Food and the Utah Department of Health in
accordance with Section
R25-22-5.
Notes
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