W. Va. Code R. § 179-4-152

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 179-4-152 - Submission of Written Extension of Credit Procedures to the West Virginia Lottery

152.1. The limited gaming facility licensee shall submit procedures for extending credit to the West Virginia Lottery.

152.2. Procedures for extending credit shall be in compliance with this rule.

152.3. Both of the following provisions apply to the submission of extension of credit procedures:

152.3.a. The limited gaming facility licensee shall submit procedures for extending credit to the Commission not less than 30 days before the commencement of gambling operations; and

152.3.b. Procedures for extending credit may not be used by the limited gaming facility licensee unless the procedures for extending credit have been submitted, in writing, and approved by the Commission.

152.4. The Commission may disapprove any portion of the policies or procedures concerning the extension of credit. If the Commission disapproves a policy or procedures concerning the extension of credit, then the Director shall notify the limited gaming facility licensee, in writing, of the disapproval.

152.5. Access to the credit information, outstanding credit instruments, and credit instruments that have been written off is restricted to occupational licensees who require access and who are authorized by management to have access.

W. Va. Code R. § 179-4-152