§ 115.415 How will an authorized disbursement from a minor's supervised account be sent?
Current through Jun 5, 2025 · Read all of Part 115
OTFM will make an authorized disbursement based on the approved distribution plan from a minor's supervised account by:
(a) Making a direct deposit to a specified account at a financial institution (a direct deposit into the specified account will eliminate lost, stolen or damaged checks and will also eliminate delays associated with mailing the check);
(b) Mailing a check to the address of record or to a specified disbursement address; or
(c) Mailing a check to a specified third party's address.