68 IAC 16-1-3 Submission of extension of credit procedures

Sec. 3. (a) The casino licensee or casino license applicant shall be required to submit procedures for extending credit to the executive director or the executive director's designee. The procedures for extending credit must be submitted in accordance with this rule. (b) The procedures for extending credit must comply with IC 4-33, IC 4-35, and this title. (c) Submission of extension of credit procedures shall be handled in the following manner: (1) When called for in this article, the casino licensee or casino license applicant shall submit procedures for extending credit to the executive director or designee at least sixty (60) days prior to the commencement of gaming operations. (2) No procedures for extending credit may be used by a casino licensee or casino license applicant unless the procedures for extending credit have been submitted, in writing, to the executive director or designee. (d) The executive director may disapprove a portion of the policies or procedures concerning the extension of credit. If the executive director disapproves a policy or procedures concerning the extension of credit, the executive director must notify the casino licensee, in writing, of the disapproval. The casino licensee may not use a policy or procedure concerning the extension of credit if the executive director has disapproved the policy or procedure. (e) 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 are authorized by management to have access.