W. Va. Code R. § 179-4-154

Current through Register Vol. XLI, No. 36, September 6, 2024

Section 179-4-154 - Procedures for Extending Credit

154.1. Procedures for establishing credit shall, at a minimum, include the following:

154.1.a. Procedures for verification of the credit application;

154.1.b. Procedures for the review and approval of the credit limit for the patron, including specific minimum credit-worthiness standards a patron requesting credit must meet, such as a minimum credit rating number, and the casino maximum credit limit for a patron;

154.1.c. Procedures for the computerized or manual issuance of markers;

154.1.d. A designation of the licensed occupational positions that are authorized to issue markers;

154.1.e. A description of the marker and the information and signatures required to authorize the marker;

154.1.f. A description of the procedures for processing payments against credits received by the casino licensee;

154.1.g. Procedures to be followed in connection with accepting front money deposits;

154.1.h. Procedures to be followed in connection with cashing checks or drafts by the limited gaming facility licensee, including identifying the types of checks that may be cashed;

154.1.i. Procedures to be followed in the handling of returned checks;

154.1.j. Procedures for the collection of past due markers and returned checks, and procedures for the write-off of past due markers and returned checks;

154.1.k. Procedures to increase or decrease an established credit line; and

154.1.l. Other procedures considered necessary by the Director or the Commission to ensure compliance with the Act and this rule.

154.2. The limited gaming facility licensee shall not extend credit to a patron who has exceeded an established credit line.

154.3. A credit file shall be completed and maintained for each patron to whom credit is extended. This file shall include, at a minimum, all of the following:

154.3.a. A credit application, including, but not limited to, all of the following information:

154.3.a.1. The patron's name;

154.3.a.2.. The requested credit line;

154.3.a.3. The patron's current home address;

154.3.a.4. The patron's current home telephone number;

154.3.a.5. The patron's date of birth;

154.3.a.6. The patron's current Place of employment and position held;

154.3.a.7. The patron's employer's address and telephone number;

154.3.a.8. The patron's bank address;

154.3.a.9. The patron's checking account number; and

154.3.a.10. The patron's Social Security number;

154.3.b. The authorized credit limit;

154.3.c. A photocopy of the patron's identification;

154.3.d. A history of all credit issued to the patron and payments received or written off by the limited gaming facility licensee; and

154.3.e. Verification of the credit application and approval of credit establishment.

W. Va. Code R. § 179-4-154