Section 140.517  Correspondent Management of Funds

If the correspondent manages the funds, that individual shall:

a)         Report changes in the recipient's circumstances to the local office;

b)         Expend the funds for the recipient's benefit;

c)         Keep an accurate record of all expenditures;

d)         Safeguard the confidentiality of the recipient's funds; and

e)         Notify the local office of any lump sum payment received.