W. Va. Code R. § 179-4-159

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

Section 179-4-159 - Check Cashing

159.1. The limited gaming facility licensee shall establish policies and procedures approved by the Commission in accordance with this rule in connection with cashing checks or drafts by the limited gaming facility licensee. Only the following types of checks may be cashed by the limited gaming facility licensee:

159.1.a. Personal checks;

159.1.b. Drafts;

159.1.c. Cashier's checks;

159.1.d. Money orders;

159.1.e. Credit card and debit card advance checks;

159.1.f. Traveler's checks; and

159.1.g. Wire transfers and other kinds of checks approved by the Commission;

159.2. The limited gaming facility licensee shall establish check-cashing privileges and limits that shall, at a minimum, incorporate the procedures established this rule.

159.3. When checks are cashed for a patron, the limited gaming facility licensee shall:

159.3.a. Examine the patron's picture identification and compare the signature on the identification credential to the signature on the check to ensure agreement. If the signatures do not match, then the limited gaming facility licensee shall not extend credit to the patron;

159.3.b. Immediately stamp the check "for deposit only;"

159.3.c. Date and time stamp the check;

159.3.d. Initial the check; and

159.3.e. Count out, in full public view and in the view of the surveillance camera, the funds requested by the patron.

159.4. If a patron's personal check is cashed, then the cashier shall perform the procedures outlined in subsection 159.3 of this rule and shall:

159.4.a. Record the picture identification number if the check is under $500.00 and check-cashing privileges have not been established by the patron;

159.4.b. Determine if the patron's available credit is sufficient to cover the amount of the personal check, if applicable;

159.4.c. Refuse to cash a patron's personal if the patron has a balance outstanding to the limited gaming facility licensee, due to checks previously cashed by the limited gaming facility licensee, for more than 30 days;

159.4.d. Hold a personal check against established credit lines for the earlier of 7 days or the date that the check cleared the financial institution upon which it was drawn.

W. Va. Code R. § 179-4-159