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Can I collect bank account information from participants in Massachusetts? What are the requirements?

Based on the provided context documents, it appears that you can collect bank account information from participants in Massachusetts, but there are certain requirements that must be followed.

Requirements for Collecting Bank Account Information in Massachusetts

According to [2.1], any person registering for a sports wagering account in Massachusetts must provide personally identifiable information, including their full legal name, date of birth, physical address of their principal residence, social security number or equivalent federal identification number for noncitizen patrons, and any other information sufficient to verify their identity and prove they are at least 21 years old. The sports wagering operator must establish and maintain an electronic patron file for each patron, which includes the information provided during registration, the date and method of identity verification, account details and current balance, and the current status of the sports wagering account.

Additionally, businesses collecting personal information must comply with the Massachusetts data breach notification law, 201 CMR 17.00, which requires businesses to implement and maintain a comprehensive information security program to protect personal information. According to [3.1], a person may not disclose information regarding any account or electronic fund transfer to any person except in certain circumstances, such as to the consumer making the transfer, any other person who is a party to an electronic funds transfer or is necessary to effectuate the transfer, or pursuant to a court order or lawful subpoena.

It is also important to note that a multi-jurisdictional personal history disclosure form must be submitted by each category 1 and category 2 qualifier, as prescribed by the commission, according to [4.2].

To ensure compliance with Massachusetts law, it is recommended that you consult with a legal professional before collecting any personal information from participants in Massachusetts.

[2.1]: Account Registration, 205 CMR 248.03, 248.03 [3.1]: Disclosure of information, MGL Chapter 167B, Section 16 [4.2]: Multi-jurisdictional Personal History Disclosure Form, 111.03, 205 CMR 111.03

Source(s):
Jurisdiction

Massachusetts