§115.415. How will an authorized disbursement from a minor's supervised account be sent?
25 C.F.R. § 115.415
OTFM will make an authorized disbursement based on the approved distribution plan from a minor's supervised account by:
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);
Mailing a check to the address of record or to a specified disbursement address; or
Mailing a check to a specified third party's address.
Notes, amendments, and revision history
Authority
Authority: R.S. 441, as amended, R.S. 463, R.S. 465; 5 U.S.C. 301; 25 U.S.C. 2; 25 U.S.C. 9; 43 U.S.C. 1457; 25 U.S.C. 4001; 25 U.S.C. 161(a); 25 U.S.C. 162a; 25 U.S.C. 164; Pub. L. 87-283; Pub. L. 97-100; Pub. L. 97-257; Pub. L. 103-412; Pub. L. 97-458; 44 U.S.C. 3101 et seq.
Source
Source: 66 FR 7094, Jan. 22, 2001, unless otherwise noted.