(1) All rural water and rural wastewater entities, however organized, may disburse funds for payment of debts by electronic funds transfer if:(1) The person responsible for the disbursement maintains a ledger including without limitation the following information:(A) The name and address of the entity receiving payment;(B) The routing number of the bank in which the funds are held;(C) The account number and the accounts clearinghouse trace number pertaining to the transfer; and(D) The date and amount transferred; and(2) Written consent for payment by electronic funds transfer is given by the entity to whom the transfer is made.
(1) The person responsible for the disbursement maintains a ledger including without limitation the following information:(A) The name and address of the entity receiving payment;(B) The routing number of the bank in which the funds are held;(C) The account number and the accounts clearinghouse trace number pertaining to the transfer; and(D) The date and amount transferred; and
(A) The name and address of the entity receiving payment;
(B) The routing number of the bank in which the funds are held;
(C) The account number and the accounts clearinghouse trace number pertaining to the transfer; and
(D) The date and amount transferred; and
(2) Written consent for payment by electronic funds transfer is given by the entity to whom the transfer is made.