Or. Admin. Code § 462-210-0010 - Definitions
The following definitions and interpretations shall apply to these rules unless otherwise indicated or text otherwise requires.
(1) "Account": An account for account
wagering with a specific identifiable record of deposits, wagers, and
withdrawals established by an account holder and managed by the advance deposit
wagering licensee or race meet licensee.
(2) "Account Holder": A person who
successfully completed an application and for whom an account has been opened.
(3) "Account Wagering": A form of
pari-mutuel wagering in which a person may deposit money in an account with an
advance deposit wagering licensee or race meet licensee and then use the
current balance to pay for pari-mutuel wagering.
(4) "Account Wagering Center": An actual
location, equipment, and staff of an advance deposit wagering licensee or race
meet licensee and/or agents involved in the management, servicing, and
operation of account wagering.
(5)
"Advance Deposit Wagering Licensee or ADW": Any person or entity holding a
currently valid license to engage in related activities as a
multi-jurisdictional simulcasting and interactive wagering totalizator hub as
defined in Oregon Administrative Rule
462-220-0010(1).
(6) "Agent": Those persons or
entities with the authority to accept deposits and wagers or issue a receipt or
other confirmation to the account holder evidencing such deposits and wagers,
and transfer credits and debits to and from accounts on behalf of the advance
deposit wagering licensee or race meet licensee.
(7) "Applicant": A person who has submitted
an application to establish an account with an advance deposit wagering
licensee or race meet licensee.
(8) "Application": The form or forms and
other required submissions received from an applicant with the intent of
opening an account.
(9) "Business
Day": Monday through Friday with the exception of a federal or state observed
holiday.
(10) "Commission": The
Oregon Racing Commission or any successor agency.
(11) "Confidential Information":
(a) The amount of money credited to, debited
from, withdrawn from, or present in any particular account holder's account;
(b) The amount of money wagered by
a particular account holder on any race or series of races;
(c) The account number and secure personal
identification code of a particular account holder;
(d) The identities of particular entries on
which the account holder is wagering or has wagered; and
(e) Unless otherwise authorized by the
account holder, the name, address, and other information in the possession of
the account wagering center and race meet licensee that would identify the
account holder to anyone other than the commission, the account wagering center
or the race meet licensee.
(12) "Credits": All positive inflows of money
to an account.
(13) "Debits": All
negative outflow of money from an account.
(14) "Deposit": A payment of money by cash,
check, money order, credit card, debit card, or electronic funds transfer made
by an account holder to the account holder's account.
(15) "Person": Any natural person at least 18
years of age or a single member limited liability company where the single
member is a natural person at least 18 years of age or a single shareholder
sub-chapter S corporation in which the shareholder is a natural person at least
18 years of age.
(16) "Principal
Residence Address": That place where the person submitting an application for
an account resides at least fifty percent (50%) of the time during the calendar
year.
(17) "Proper
Identification": A form of identification accepted in the normal course of
business to establish that the person making a transaction is an account
holder.
(18) "Race Course": As
defined in ORS 462.010(5).
(19) "Race Meet Licensee": Any
person or entity holding a currently valid license to engage in racing or
related regulated activities.
(20)
"Secure Personal Identification Code": An alpha-numeric character code chosen
by an account holder as a means by which the advance deposit wagering licensee
or race meet licensee may verify a wager or account transaction as authorized
by the account holder.
(21)
"Withdrawal": A payment of money from an account by the advance deposit
wagering licensee or race meet licensee to the account holder when properly
requested by the account holder.
(22) "Withdrawal Slip": A form provided by
the race meet licensee for use by an account holder in withdrawing funds from
an account.
Notes
Stat. Auth.: ORS 462.270(3) & 462.700
Stats. Implemented: ORS 462.142
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