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What are Surety Bond NTFs

by Surety Admin 25. February 2009 05:53

How many NTF'S?  This is a question one will often see when completing our Ohio Lottery Application.   NTF stands for Non-Transfer of Funds.

An NTF may occur due to the following:

  • Failure of the retailer to deposit the funds into the lottery bank account at the Time when the Ohio Lottery sweeps the account.
  • Large weekly invoice amount due to stolen instant tickets. (Note: the Ohio Lottery currently has a policy whereby retailers are liable for stolen tickets when certain lottery procedures are not followed. Although these situations are not common, there is always a small risk these events will occur.)
  • Intentional or deliberate failure of the retailer to fund the appropriate bank account in a timely manner.
  • Bank error or omission.
  • Failure of the retailer to timely notify the Lottery regarding changes to the Retailer’s dedicated Lottery bank account.

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