N.M. Admin. Code § 2.20.7.9

Current through Register Vol. 36, No. 1, January 14, 2025

Section 2.20.7.9 - DIRECT DEPOSIT ACCOUNT PROCEDURES AND RESPONSIBILITIES

A. Upon being hired by a state agency and during such other times as may be required by the division, a state employee must either:

(1) affirmatively decline to participate in the direct deposit program; or

(2) designate a direct deposit account.

B. State employees shall use forms and agreements prescribed by the division to affirmatively decline to participate in the direct deposit program, designate a direct deposit account, and change their direct deposit account designation.

C. State employees shall demonstrate their ownership interest in the direct deposit account designated by them by submitting with their direct deposit account designation form a voided, preprinted check, a current statement from their financial institution, or other acceptable evidence of ownership as determined by the division.

D. State employees shall submit direct deposit forms to the designated individual within their state agency employer.

E. Pursuant to Subsection C of 2.20.5.8 NMAC, state agency chief financial officers are responsible for ensuring that direct deposit forms are filled out correctly and completely, that the state employee has demonstrated the state employee's ownership interest in the account, and that direct deposit information is properly entered into the central payroll system.

N.M. Admin. Code § 2.20.7.9

2.20.7.9 NMAC - N, 7/31/2013