(1) As a condition of appointment, an agent shall agree to participate in the department's electronic funds transfer system.

(2) A license agent shall, before being appointed, authorize the debiting and crediting of an account in the license agent's name for the purpose of electronic funds transfer to or from the state's collection account, as provided in this rule.

(3) The license agent shall execute all forms required by the department, the license agent's bank or the initiating bank.

(4) The department may determine the schedule for debiting or crediting (sweeping) the license agent account. The department may allow deviation from the schedule in special circumstances.

(5) The license agent shall bring any error or dispute to the attention of the department before the sweep.

(6) A license agent must pay the amount of any nonsufficient fund (NSF) sweep within 48 hours after notification by certified check, cashier's check, or money order. If a NSF is not covered, the license agent shall immediately surrender licensing material and is subject to revocation proceedings.

(7) Two or more sweeps that result in nonsufficient funds are cause for revocation or suspension.

(8) This rule will be implemented when the automated license system is operational as authorized by the director.