Md. Code Regs. 36.02.06.15

Current through Register Vol. 51, No. 24, December 2, 2024

Section 36.02.06.15 - Time of Payment

A. The Director may delay payment of a prize if a question arises regarding a purchaser, claimant, claim, ticket, prize, any other matter, or a change of circumstances regarding any of them.

B. The Director may petition a court of competent jurisdiction for instructions and resolution of such a controversy.

C. Unless the Director delays payment of a prize under §A of this regulation, the Agency shall pay a prize within a reasonable time after the claim is submitted, validated, and perfected.

D. If a prize requires annual installment payments:

(1) The date of the first installment payment shall be within a reasonable time after:

(a) The prize is determined; and

(b) The claim is submitted to the Agency, validated, and perfected; and

(2) Subsequent annual installments shall be made approximately on the date the Agency assigns to the winner in accordance with the type of prize awarded.

E. All delayed payments shall:

(1) Be brought up to date immediately upon the Director's confirmation of the validity of the claim; and

(2) If an annuity, continue to be paid on each original anniversary date and thereafter for the annuity period.

Md. Code Regs. 36.02.06.15

Effective date: 40:9 Md. R. 790, eff.5/13/2013 ; amended effective 46:1 Md. R. 13, eff. 1/14/2019; recodified from .14 effective 46:24 Md. R. 1104, eff. 12/2/2019