W. Va. Code R. § 179-8-122

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

Section 179-8-122 - Check Cashing

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

122.1.a. Personal checks;

122.1.b. Drafts;

122.1.c. Cashier's checks;

122.1.d. Money orders;

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

122.1.f. Traveler's checks; and

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

122.2. The casino licensee shall establish check-cashing privileges and limits that shall, at a minimum, incorporate the procedures established in this rule.

122.3. When checks are cashed for a patron, the casino licensee shall:

122.3.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, the casino licensee shall not extend credit to the patron;

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

122.3.c. Date and time stamp the check;

122.3.d. Initial the check; and

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

122.4. If a patron's personal check is cashed, then the cashier shall perform the procedures outlined in subsection 118.3 of this rule and shall:

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

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

122.4.c. Refuse to cash a patron's personal check if the patron has a balance outstanding to the casino licensee for more than thirty days due to checks previously cashed by the casino licensee; and

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

W. Va. Code R. § 179-8-122