Electronic Fund Transfer (EFT) Authorization | Pdf Fpdf Docx | Michigan

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Electronic Fund Transfer (EFT) Authorization | Pdf Fpdf Docx | Michigan

Last updated: 2/21/2025

Electronic Fund Transfer (EFT) Authorization

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Description

ELECTRONIC FUND TRANSFER (EFT) AUTHORIZATION FOR SPIRITS PURCHASES BY LIQUOR LICENSEE. This form is used by liquor licensees in Michigan to establish, modify, or cancel an EFT account for purchasing spirits. Required by MCL 436.1221(1), this form authorizes the Michigan Liquor Control Commission (MLCC) to withdraw funds electronically from the licensee’s designated bank account to pay for spirits delivered by the state's Authorized Distribution Agents (ADAs). Licensees must have an active EFT account to order and receive spirits. The form collects business and financial institution details, including bank account and routing numbers. Licensees are responsible for updating their EFT authorization if they change banks, close their account, or sell their license. By signing, the licensee agrees to comply with National Automated Clearing House Association (NACHA) regulations and acknowledges that foreign bank accounts cannot be used for EFT payments. www.FormsWorkflow.com

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