La. Admin. Code tit. 42 § III-4721
Current through Register Vol. 50, No. 6, June 20, 2024
Section III-4721 - Extension of CreditA. When extending credit to a patron in the form of markers or other lines of credit, the casino operator and casino manager shall adhere to the following rules. These rules shall not apply to check cashing provided such check cashing is performed consistent with the casino operator's internal controls and as otherwise provided by rule.B. A credit file for each person shall be prepared by the casino operator's or casino manager's cage cashier or credit department representative with no incompatible functions either manually or by computer prior to the casino operator's or casino manager's approval of a person's credit limit. All credit limits and changes thereto shall be supported by the information obtained in the credit file. All information recorded in the credit file shall be in accordance with the casino operator's or casino manager's system of internal controls.C. Prior to the casino operator's or casino manager's approval of a person's credit limit, a credit department representative with no incompatible functions shall: 1. ensure that the person to whom the credit is extended signs the credit instrument prior to receiving the extension;2. obtain, record and verify the person's address prior to extending the credit; and3. document that the casino operator or casino manager:a. has received information from a bona fide credit reporting agency that the person has an established credit history that is not derogatory; orb. has received information from a legal business that has extended credit to the person that the person has an established credit history that is not derogatory; orc. has received information from a financial institution at which the person maintains an account that the person has an established credit history that is not derogatory; ord. has examined records of its previous credit transactions with the person showing that the person has paid substantially all of his credit instruments and otherwise documents that it has a reasonable basis for placing the amount or sum at the person's disposal; ore. if no credit information was available from any of the sources listed in Subparagraphs C.3.a-d of this Section for a person who is not a resident of the United States, the casino operator or casino manager has received, in writing, information from an agent or employee of the casino operator or casino manager, limited to those listed in §4723, who has personal knowledge of the person's credit reputation or financial resources that there is a reasonable basis for extending credit in the amount or sum placed at the person's disposal; orf. has, in the case of third party checks for which cash, chips, or tokens have been issued to the person or which were accepted in payment of another credit instrument, either examined and photocopied the person's valid driver's license, or if a driver's license cannot be obtained, examined and photocopied some other document normally acceptable as a means of identification when cashing checks to be kept in the person's credit file and has, for the check's maker or drawer, performed and documented one of the credit checks set forth in this Subsection.D. Credit limit extensions, not to exceed $1,000, may be approved without performing the requirements of Subsections B and C of this Section if such credit extensions are temporary and are noted as being for this trip only (TTO) in the credit file. Temporary credit extensions shall be limited to the strict guideline of the approved internal control system.La. Admin. Code tit. 42, § III-4721
Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1690 (July 2012).AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.