Can you summarize 8 MERS Section 1205?
This legal document outlines the grounds for denial of license or imposition of administrative sanctions for persons licensed under the AMUSEMENTS AND SPORTS » REGULATION OF SPORTS WAGERING chapter of the Maine Revised Statutes. The grounds for denial or sanctions include making false statements, failure to disclose control persons, previous license revocation, lack of good moral character, criminal convictions or civil violations involving dishonesty or fraud, engaging in prohibited conduct, being a fugitive, drug user, illegal alien, or dishonorably discharged from the Armed Forces, failure to file tax returns or pay taxes, insufficient financial assets, lack of financial responsibility, failure to meet chapter requirements, and violation of chapter provisions or rules.
Can you summarize 8 MERS Section 1206?
This legal document pertains to the issuance of facility sports wagering licenses in the state of Maine. The director is responsible for issuing these licenses, with a maximum limit of 10 licenses. To be eligible for a facility sports wagering license, the applicant must be a commercial track not located in Bangor, a licensed casino, or an off-track betting facility. Each off-track betting facility can receive only one facility sports wagering license, and the license cannot be transferred or assigned.
Can you summarize 8 MERS Section 1208?
This legal document pertains to the issuance of a supplier license for sports wagering in the State of Maine. The director is responsible for granting the license to applicants who meet the requirements outlined in this document, as well as sections 1204 and 1205 and rules adopted under this chapter. The applicant must demonstrate that their equipment, systems, or services conform to the standards established by the director. The supplier license grants lawful authority to sell or lease sports wagering equipment, systems, or services to operators in the State, subject to the terms and conditions of the license and any rules adopted under this chapter.
Can you summarize 8 MERS Section 1209?
This legal document pertains to the issuance and regulation of management services licenses for sports wagering in accordance with the Maine Revised Statutes. The director is responsible for issuing a management services license to applicants who meet the requirements outlined in this document and have sufficient knowledge and experience in operating sports wagering. A management services licensee is authorized to enter into a contract with an operator to manage sports wagering operations.
Can you summarize 8 MERS Section 1210?
This legal document governs the requirement of obtaining an occupational license for individuals employed by an operator to engage in sports wagering-related activities or operate sports wagering. The director is responsible for issuing occupational licenses to individuals who meet the requirements specified in this document. The document also grants authority to the licensee to be employed by an operator in the designated capacity. The application for an occupational license requires submission of required forms and payment of a nonrefundable application fee.
Can you summarize 8 MERS Section 1211?
This legal document pertains to the adoption of house rules for game play governing sports wagering transactions with patrons. It applies to operators of sports wagering establishments. The operators are required to adopt comprehensive house rules that meet the minimum standards established by the director. These rules must specify the amounts to be paid on winning wagers, the effect of sports event schedule changes, the circumstances under which the operator will void a wager, and the treatment of errors, late wagers, and related contingencies.
Can you summarize 8 MERS Section 1213?
This legal document, part of the Maine Revised Statutes, regulates the persons who are prohibited from making wagers on sports events. It applies to operators, management services licensees, persons under 21 years of age, sports event participants, operators and employees, interested parties, unauthorized persons, third parties, and regulatory staff. The document prohibits operators and management services licensees from accepting wagers on sports events from persons under 21 years of age and sports event participants.
Can you summarize 9-A MERS Article 2, Part 7?
This legal document pertains to the Maine Consumer Credit Code and specifically addresses fraudulent practices related to finance charges and related provisions. It states that a person can be considered a lender subject to the requirements of this Article, even if they act as an agent or service provider for an entity exempt from the Article, under certain conditions. These conditions include holding the predominant economic interest in the loan, marketing or facilitating the loan while having the right to purchase it, or structuring the transaction to evade the requirements of the Article.
Can you summarize 9-A MERS Section 3-307?
With respect to a consumer credit sale or consumer lease, the creditor may not take a negotiable instrument, other than a currently dated check or a draft payable within 7 days of such sale or lease.
[PL 1981, c. 243, 18 (AMD).] SECTION HISTORY
PL 1973, c. 762, 1 (NEW). PL 1981, c. 243, 18,26 (AMD). PL 1981, c. 551, 3 (AMD).
Can you summarize 9-A MERS Section 3-308?
This document, part of the Maine Consumer Credit Code, regulates consumer credit transactions with multiple payments of principal. It prohibits creditors from contracting for or receiving payments of principal and interest under a schedule of payments where any one payment is not substantially equal to all other payments, or where the intervals between consecutive payments differ substantially. However, there are exceptions for consumers with seasonal or intermittent income, allowing for reduced or expanded payments or intervals based on expected income.