Section 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: (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.Utah Admin. Code R25-22-3
Adopted by Utah State Bulletin Number 2020-09, effective 4/10/2020Amended by Utah State Bulletin Number 2020-12, effective 6/8/2020