W. Va. Code R. § 179-4-153

Current through Register Vol. XLI, No. 36, September 6, 2024

Section 179-4-153 - Amendments to Procedures for Extending Credit

153.1. Both of the following provisions apply to an amendment to procedures for extending credit:

153.1.a. Unless otherwise authorized by the Commission, an amendment to a portion of the procedures for extending credit shall be submitted to the Commission not less than 45 days before using the procedures for extending credit; and

153.1.b. The limited gaming facility licensee shall not use an amendment to procedures for extending credit unless the amendment to the procedures for extending credit has been submitted, in writing, to the West Virginia Lottery.

153.2. The Commission may approve, approve with modification or disapprove any portion of an amendment to the policies or procedures concerning the extension of credit. If the Commission disapproves an amendment, then the Commission shall notify the limited gaming facility licensee, in writing, of the disapproval. The limited gaming facility licensee may not use any amendment that has been disapproved.

W. Va. Code R. § 179-4-153