N.J. Admin. Code § 13:74-7.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:74-7.6 - Cancellation of account wagers; finalization of account wagers

(a) An account wager may be cancelled by the account holder consistent with the provisions of 13:74-6.7. A statement, approved by the Commission, shall appear in or accompany the account wagering application form advising prospective applicants of this requirement.

(b) Any account wagering opportunity must provide for the account holder's review and finalization of a wager before it is accepted by the account wagering licensee, and the account wagering licensee must establish a method to record or document such finalization process. The method of wager review and finalization, and method of recordation of the finalization process, shall be set forth in the account wagering licensee's internal control procedures, unless specifically required by this chapter.

(c) Neither the account holder nor the account wagering licensee shall change a wager after the account holder has reviewed and finalized the wager, except where the wager is properly cancelled in accordance with (a) above.

N.J. Admin. Code § 13:74-7.6