S.D. Admin. R. 20:18:36.21

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:18:36.21 - Withdrawals from an account - Overdraws

A system must employ a mechanism that can detect and prevent any withdrawal activity initiated by an account holder that would result in a negative account balance of the account.

An advance deposit wagering licensee may not allow an account to be overdrawn unless caused by payment processing issues outside the control of the licensee.

S.D. Admin. R. 20:18:36.21

48 SDR 014, effective 8/22/2021

General Authority: SDCL 42-7B-7, 42-7B-11(13).

Law Implemented: SDCL 42-7B-77.