Ill. Admin. Code tit. 11, § 1800.930 - Prior Registration
a)
Video gaming terminals may only be secured as collateral by a person who is
licensed under the Act or who has registered with the Board on forms provided
by the Board.
b) Prior registration
or licensure under the Act of the secured party seeking to enforce a security
interest is required. The Board will not approve the enforcement of any
security interest in gaming property collateral unless all persons have been
either registered or licensed, as applicable.
Notes
Amended at 37 Ill. Reg. 810, effective January 11, 2013
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