W. Va. Code R. § 179-8-116

Current through Register Vol. XLI, No. 43, October 25, 2024

Section 179-8-116 - Procedures for Extending Credit

116.1. The licensee shall propose credit procedures which shall, at a minimum, include the following:

116.1.a. Identification of the information required from a patron applying for credit;

116.1.b. A description of procedures for verification of the information obtained from a patron;

116.1.c. Procedures for establishing the credit limit for a 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;

116.1.d. Procedures for the computerized or manual issuance of markers:

116.1.e. A designation of the licensed occupational positions that are authorized to issue markers;

116.1.f. A description of where on the premises markers can be issued.

116.1.g. A description of the marker and the information and signatures required to authorize the marker;

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

116.1.i. Procedures to be followed in connection with accepting front money deposits;

116.1.j. Procedures to be followed in connection with cashing checks or drafts by the casino licensee, including identifying the types of checks that may be cashed;

116.1.k. Procedures to be followed in the handling of returned checks; and

116.1.l. Procedures for the collection of past due markers and returned checks, and procedures for the write-off of past due markers and returned checks.

W. Va. Code R. § 179-8-116