Md. Code Regs. 36.03.10.22

Current through Register Vol. 51, No. 24, December 2, 2024

Section 36.03.10.22 - Cash Equivalents

A. A facility operator may accept a negotiable instrument in the form of a cash equivalent from a player to enable the player to take part in gaming.

B. A facility operator may accept a cash equivalent only during the hours of operation approved by the Commission for the facility under COMAR 36.03.11.02.

C. A facility operator shall develop and include in the internal controls submitted to and approved by the Commission under Regulation .05 of this chapter procedures addressing the acceptance and verification of cash equivalents meeting the requirements of this chapter.

D. A facility operator's internal controls shall:

(1) Enumerate the type of cash equivalents complying with this chapter to be accepted;

(2) Detail the specific verification procedures required by each issuer;

(3) Require that a general cashier:

(a) Perform the specific verification procedures required by each issuer;

(b) Prepare and maintain documentation evidencing the verification of a cash equivalent accepted; and

(c) Examine a cash equivalent for counterfeiting, forgery, or alteration;

(4) Detail the criteria for cashiers' cage supervisor involvement in the verification process; and

(5) Include procedures for verifying the authenticity of a player's signature on a cash equivalent in conformance with the signature authentication procedures in Regulation .20 of this chapter.

Md. Code Regs. 36.03.10.22

Regulations .22 adopted as an emergency provision effective 40:6 Md. R. 470, eff.3/1/2013 ; emergency action expired effective July 20, 2013
Regulations .22 adopted effective adopted effective 40:16 Md. R. 1347, eff.8/19/2013