R 432.11303 Amendments to procedures for extending credit.

Rule 1303. (1) Both of the following provisions apply to an amendment to procedures for extending credit: (a) Unless otherwise authorized by the board, an amendment to a portion of the procedures for extending credit shall be submitted to the board not less than 45 days before utilizing the procedures for extending credit. (b) A casino licensee shall not utilize an amendment to procedures for extending credit unless the amendment to the procedures for extending credit has been submitted, in writing, to the board. (2) The board may disapprove any portion of an amendment to the policies or procedures concerning the extension of credit. If the board disapproves an amendment, then the board shall notify the casino licensee, in writing, of the disapproval. A casino licensee may not utilize any amendment that has been disapproved.