Section Liq 902.03 - Credit Approval(a) The commission shall allow a licensee to access credit if it determines that the licensee has an acceptable credit history in an amount equal to or exceeding the requested limit.(b) The commission shall deem a credit history acceptable if it establishes that the licensee will repay credited purchase in a timely fashion, as evidenced by one or more of the following factors:(1) A demonstrated history of making timely payments to the commission;(2) Credit and trade references establishing that the licensee is credit worthy; or(3) Any other information establishing that the licensee will timely repay credited purchases.(c) A new licensee without a credit history requesting credit who is unable to meet the standards set forth in Liq 902.02(a), shall be granted credit up to $2,500 for a probationary period not to exceed 6 months from the time of the first purchase if such amount and time period is calculated to increase commission revenue.(d) A licensee who is granted credit and maintains an acceptable credit history with the commission may, at any time, request additional credit.(e) The commission shall notify each licensee applying for credit of the disposition of the application within 30 business days of the commission's receipt of a complete application.N.H. Admin. Code § Liq 902.03
Derived from Volume XLI Number 32, Filed August 12, 2021, Proposed by #13225, Effective 6/30/2021, Expires 6/30/2031 (formerly Liq 902.02) .