Regulation .01 Definitions.
Regulation .01 Definitions.LinkCopy Citation
A.
In this chapter, the following terms have the meanings indicated.
B.
Terms Defined.
(1)
“Assignee” means a person who:
(a)
Enters into a contract for voluntary assignment of a lottery prize payment;
(b)
Obtains a court order for voluntary assignment of the lottery prize winner’s lottery prize payment in whole or in part; and
(c)
Becomes a lottery prize winner.
(2)
“Assignee affidavit” means a sworn statement of an assignee.
(3)
“Assignment” means court-ordered payment of a lottery prize to an assignee or subsequent assignee and may include a divorce decree.
(4)
“Assignment Law” means State Government Article, §9-122(b), Annotated Code of Maryland, and this chapter.
(5)
“Assignor” means:
(a)
A lottery prize winner who makes the assignment of a lottery prize payment in whole or in part to an assignee or a subsequent assignee; or
(b)
An assignee or subsequent assignee who seeks a court order to reassign the same or related lottery prize payment that was previously assigned by court order.
(6)
“Assignor affidavit” means a sworn statement made under oath before a notary public by:
(a)
A lottery prize winner who seeks to assign the lottery prize payment; or
(b)
A person who was an assignee.
(7)
“Contract of assignment” means the written instrument that is used to execute an assignment of a lottery prize payment.
(8)
“Court” means the circuit court in the county where the Agency’s headquarters is located.
(9)
“Lottery prize payment” means a monetary prize that the Agency pays in installments over time that is an annuity.
(10)
“Lottery prize winner” means a person who wins a lottery prize payment.
(11)
“Petition" means a document filed in court requesting the assignment of a lottery prize payment.