Sec. 8. (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.
As added by P.L.15-1996, SEC.2.
Structure Indiana Code
Article 13. Division of Family Resources
Chapter 14. Electronic Benefits Transfer
12-13-14-2. Powers of Division for Administration of Snap and Ebt Program
12-13-14-4. Recommendations of Commission to Division on Implementation of Statewide Ebt Program
12-13-14-5. Retailer Participation
12-13-14-6. Equal Treatment of Retailers
12-13-14-7. Retailer Liability for Fraudulent Ebt Transaction
12-13-14-8. Payment to Retailer by Contractor; Penalty Payments; System Failure
12-13-14-9. Retailer and Recipient Training; Credit
12-13-14-10. Retailer Not Considered Contractor
12-13-14-11. Required Components of Ebt Program
12-13-14-12. Retailer Fees for Processing Transactions; Review of Fees
12-13-14-13. Farmers' Market Point of Sale Terminals