Indiana § 12-13-14-8 Payment to retailer by contractor; penalty payments; system failure

Indiana Statutes

§ 12-13-14-8 — Payment to retailer by contractor; penalty payments; system failure

Indiana·Art. 13 DIVISION OF FAMILY RESOURCES·Ch. 14 Electronic Benefits Transfer

(a)An approved transaction must be paid to the retailer not later than the end of the second business day in which a financial institution is open for business to the public following the approval of the transaction.

(b)Failure by the contractor to pay the retailer in accordance with subsection (a) will result in penalty payments being paid by the contractor to the retailer.

(c)If there is a system failure, off-line transactions will be authorized and guaranteed up to an amount to be determined by the division. The retailer must comply with the division's rules for off-line transactions.

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(a) An approved transaction must be paid to
the retailer not later than the end of the second business day in which
a financial institution is open for business to the public following the
approval of the transaction.
(b) Failure by the contractor to pay the retailer in accordance with
subsection (a) will result in penalty payments being paid by the
contractor to the retailer.
(c) If there is a system failure, off-line transactions will be
authorized and guaranteed up to an amount to be determined by the
division. The retailer must comply with the division's rules for off-line
transactions.

Indiana § 12-13-14-8 (Payment to retailer by contractor; penalty payments; system failure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.