Form LB-0963 Electronic Funds Transfer Agreement - Tennessee

What Is Form LB-0963?

This is a legal form that was released by the Tennessee Department of Labor and Workforce Development - a government authority operating within Tennessee. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form LB-0963?
A: Form LB-0963 is an Electronic Funds Transfer Agreement specifically for Tennessee.

Q: What is an Electronic Funds Transfer?
A: An Electronic Funds Transfer (EFT) is a method of transferring funds electronically, typically from one bank account to another.

Q: Why would someone need to use Form LB-0963?
A: Form LB-0963 is used to establish the terms and conditions for electronic funds transfers in the state of Tennessee.

Q: Who needs to complete Form LB-0963?
A: Any individual or organization that wishes to engage in electronic funds transfers in Tennessee may need to complete Form LB-0963.

Q: Are there any fees associated with electronic funds transfers using Form LB-0963?
A: The fees associated with electronic funds transfers may vary depending on the financial institution or organization that is providing the service. It is important to review any applicable fee schedule before completing Form LB-0963.

Q: What information is required on Form LB-0963?
A: The specific information required on Form LB-0963 may vary, but typically it will ask for basic personal or business information, bank account details, and authorization to initiate electronic funds transfers.

Q: Can I cancel or revoke an Electronic Funds Transfer Agreement?
A: Yes, you may be able to cancel or revoke an Electronic Funds Transfer Agreement by notifying the financial institution or organization in writing. However, it is important to review the terms and conditions of the agreement for any cancellation or revocation requirements.

Q: Is Form LB-0963 legally binding?
A: Form LB-0963 is a legal document and, when signed, constitutes a binding agreement between the parties involved.

Q: Can I use Form LB-0963 for electronic funds transfers in other states?
A: Form LB-0963 is specific to electronic funds transfers in Tennessee. If you wish to engage in electronic funds transfers in other states, you may need to complete a different form or agreement specific to that state.