N.J. Admin. Code § 13:74-7.2

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:74-7.2 - Review of account wagering application by account wagering licensee, suspension or closure of wagering account

(a) The account wagering licensee shall accept or reject an application for a wagering account after receipt and review of the application for compliance with the Act and this chapter. Any prospective account holder who provides false or misleading information on the application is subject to rejection of the application or cancellation of the wagering account, by the account wagering licensee, without prior notice.

(b) The account wagering licensee may additionally reject an account wagering application, or suspend or close a wagering account at its discretion, including where the account holder attempts to place a wager or wagers with an insufficient account balance.

(c) The decision of the account wagering licensee to reject an application for a wagering account, or to suspend or close a wagering account, shall constitute a final decision and shall not be the subject of any appeal to the Commission.

(d) Where the account wagering licensee rejects an application for a wagering account, suspends the operability of a wagering account for a period of 48 hours or longer, or closes a wagering account pursuant to this section or N.J.A.C. 13:74-7.3, it shall file a written report with the Commission identifying:

1. The name of the applicant or account holder;

2. The address of the applicant or account holder;

3. The date the application for the wagering account was filed, the date of the rejection of the wagering account application or the date of the suspension or closure of the wagering account; and

4. The reason for the rejection of the application, suspension or closure of the wagering account.

N.J. Admin. Code § 13:74-7.2