New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 74C - EXCHANGE WAGERING
Subchapter 4 - STANDARDS FOR EXCHANGE WAGERING SYSTEM
Section 13:74C-4.8 - Responsibility for overpayment and underpayment errors
Universal Citation: NJ Admin Code 13:74C-4.8
Current through Register Vol. 56, No. 18, September 16, 2024
(a) If an error occurs in the payment of amounts of exchange wagers, regardless of cause, the exchange wagering licensee shall be responsible for such overpayment or underpayment.
(b) Nothing in this section shall be interpreted to preclude the exchange wagering licensee from entering into a written contract or written agreement, with another person or entity, including any exchange management agent or exchange services agent, requiring reimbursement to the exchange wagering licensee for its overpayment or underpayment of exchange wagers.
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