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Can I collect financial information from participants in Michigan? What are the requirements?

Based on the provided documents, there are several rules and regulations in Michigan that govern the collection of financial information from participants. The requirements depend on the specific context and type of event or organization involved.

Millionaire Parties

If you are a millionaire party licensee in Michigan, you are required to submit a financial statement to the executive director by the tenth day of the month following the month that the millionaire party was held. The financial statement must be signed by the principal officer of the qualified organization certifying that the information on the financial statement is true, correct, and complete to the best of his or her knowledge [1.1].

Charity Games

If you are an annual charity game ticket licensee or a special charity game ticket licensee in Michigan, you are required to submit a financial statement to the bureau on a form provided by or approved in writing by the bureau. The financial statement must be filed on a quarterly basis unless directed otherwise in writing by the bureau. The statement shall be filed with the bureau by the tenth day of the month following the end of the reporting period. The financial statement must be signed by the principal officer of the qualified organization certifying that the information on the financial statement is true, correct, and complete to the best of his or her knowledge. Large bingo, small bingo, and special bingo licensees shall report all charity game ticket revenue, prizes, and purchases on the associated licensed gaming event’s financial statement or as directed in writing by the bureau. Millionaire party and large raffle licensees shall report all charity game ticket revenue, prizes, and purchases on a form provided by or approved in writing by the bureau [3.1].

Account Wagering

If you are a person who wants to establish an account with a licensed TPF in Michigan, you must provide certain information, including your full legal name, principal residence address, telephone number, and proper identification or certification demonstrating that you are at least 18 years of age. A TPF may not sell or share an applicant or account holder’s confidential information, or use an applicant or account holder’s confidential information for any purpose not related to authorized account wagering, except as authorized by the applicant or account holder. Each application for an account shall be verified with respect to name, principal residence address, and date of birth either by an independent service provider or another means authorized by the executive director to adequately ensure the accuracy of the information. The TPF must provide the account holder with information on responsible wagering and how to obtain assistance with problem gambling, including the contact information for at least one problem gambling assistance program. The TPF must also provide procedures for resolving disputes between the account holder and the TPF [5.1].

Based on the provided documents, it is unclear what type of financial information you are trying to collect and from whom. If your question pertains to a context not covered by the documents provided, please provide additional information so that I can better assist you.

Source(s):
Jurisdiction

Michigan