- (a) The commission shall allow a licensee to access credit if it determines that the licensee has an acceptable credit history in an amount equal to or exceeding the requested limit.
(b) The commission shall deem a credit history acceptable if it establishes that the licensee will repay credited purchase in a timely fashion, as evidenced by one or more of the following factors:
- (1) A demonstrated history of making timely payments to the commission;
- (2) Credit and trade references establishing that the licensee is credit worthy; or
- (3) Any other information establishing that the licensee will timely repay credited purchases.
- (c) A new licensee without a credit history requesting credit who is unable to meet the standards set forth in Liq 902.02(a), shall be granted credit up to $2,500 for a probationary period not to exceed 6 months from the time of the first purchase if such amount and time period is calculated to increase commission revenue.
- (d) A licensee who is granted credit and maintains an acceptable credit history with the commission may, at any time, request additional credit.
- (e) The commission shall notify each licensee applying for credit of the disposition of the application within 30 business days of the commission’s receipt of a complete application.
Source. #13225, eff 6-30-21 (formerly Liq 902.02)