25 CFR 513.7 - What is the Commission's policy on revoking a debtor's ability to engage in Indian gaming for failure to pay a debt?

Regulations last checked for updates: Nov 22, 2024

Title 25 - Indians last revised: Mar 22, 2024

View all text of Subpart A [§ 513.1 - § 513.7]

§ 513.7 - What is the Commission's policy on revoking a debtor's ability to engage in Indian gaming for failure to pay a debt?

The Chairman of the Commission may revoke a debtor's ability to operate, manage, or otherwise participate in the operation of an Indian gaming facility if the debtor inexcusably or willfully fails to pay a debt. The revocation of ability to engage in gaming may last only as long as the debtor's indebtedness.

authority: 31 U.S.C. 3711,3716,3720A,3720D; 5 U.S.C. 5514; 25 U.S.C. 2713(a)(1)

source: 66 FR 58057, Nov. 20, 2001, unless otherwise noted.

cite as: 25 CFR 513.7