W. Va. Code R. § 179-4-157

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

Section 179-4-157 - Receipt of Payments

The limited gaming facility licensee shall establish policies and procedures approved by the West Virginia Lottery in accordance with this rule to ensure that all payments received on outstanding credit instruments are recorded in a timely fashion. The procedures shall, at a minimum, include all of the following:

157.1. A description of the procedure for processing payments received by the limited gaming facility licensee in any manner;

157.2. Requirements for the consolidation of markers;

157.3. A detailed description of the distribution of all parts of redeemed and consolidated markers and redemption vouchers; and

157.4. A detailed allocation of principal and interest on each payment made, if any.

W. Va. Code R. § 179-4-157