Section R. 431.5020 - Operation of accountsRule 5020.
(1) An account holder may make deposits to the account in the following forms: Cash, which may be deposited at financial or retail outlets designated by the TPF.
Check, money order, or negotiable order of withdrawal sent to the TPF.
Charges made to an account holder's credit or debit card upon authorization of the account holder.
Electronic funds transfer by the account holder, in which case the account holder is responsible for any fees imposed by the remitting entity.
Any other method approved by the executive director.
(2) The following credits shall be posted to an account by the TPF as soon as practicable after the race is declared official: (a) Credit for winnings from wagers.(b) Credit for all refunded wagers as required by the laws and rules applicable to the host track.(3) Debits to an account shall be made as follows:(a) Upon receipt of a wager, the TPF may debit the account in the amount of the wager.(b) Debits may be made for fees for service or other transaction-related charges by the TPF.(c) An account wagering center may authorize a withdrawal from an account as approved by the executive director.(4) Nothing in this chapter prohibits a TPF from refusing to accept a wager or from suspending or refusing deposits to an account for reasonable business reasons.(5) Disputes between an account holder and a TPF shall be administered under the dispute resolution procedures contained in the license application approved by the executive director.Mich. Admin. Code R. 431.5020
2021 MR 6, Eff. 3/26/2021