An Act To Make Maine's Casinos More Competitive by Authorizing Extensions of Credit
Maine Legislature, Session 128, LD 1253
Committee: Veterans and Legal Affairs
Sponsors: WADSWORTH, FARRIN, HARRINGTON, HERRICK, PIERCE, SIMMONS, WHITE, WINSOR
Amends: 8 MRSA §1067

Legislative Document
No. 1253
H.P. 876
House of Representatives, March 30, 2017
An Act To Make Maine's Casinos More Competitive by Authorizing 
Extensions of Credit
Reference to the Committee on Veterans and Legal Affairs suggested and ordered printed.
ROBERT B. HUNT
Clerk
Presented by Representative WADSWORTH of Hiram.
Cosponsored by Representatives: FARRIN of Norridgewock, HARRINGTON of Sanford, 
HERRICK of Paris, PIERCE of Dresden, SIMMONS of Waldoboro, WHITE of Washburn, 
WINSOR of Norway.
Be it enacted by the People of the State of Maine as follows: 
Sec. 1.  8 MRSA §1067 is enacted to read: 
§1067.  Issuing lines of credit by casino operator 
1.  Casino operator may accept credit instrument from qualified person.  A 
casino operator may accept a credit instrument from a qualified person in exchange for 
currency, chips, tokens or electronic tokens that may be wagered on table games or used 
in slot machines at the casino operator's casino. For the purposes of this subsection, 
"qualified person" means a person who has completed a credit application provided by 
the casino operator and who is determined by the casino operator, after performing a 
credit check and applying usual standards to establish creditworthiness, to qualify for a 
line of credit and in an amount to be determined by the casino operator under the 
restrictions in subsection 2 based on the person's demand deposit accounts, including any 
checking account or savings account. Once the casino operator makes the determination 
that a person is a qualified person, additional credit checks are not required. A decision to 
accept a credit instrument from a qualified person must be made by the casino operator. If 
a new credit instrument is issued to consolidate or replace an existing credit instrument or 
instruments, the new credit instrument must use the oldest date of the credit instrument or 
instruments being replaced. A lost or destroyed credit instrument remains valid and 
enforceable if the party seeking enforcement can prove its existence and terms. The board 
has no authority to determine the validity or enforceability of a credit instrument or the 
enforceability of the debt that the credit instrument represents. Failure to comply with a 
rule adopted by the board does not affect the validity or enforceability of the credit 
instrument or the debt that the credit instrument represents.  A credit instrument executed 
pursuant to this section on or after the effective date of this section is a valid contract 
creating debt that is enforceable by legal process. 
2.  Limitations.  A casino operator may not lend anything of value or extend credit to 
any person for the purpose of permitting that person to wager on any table game or to 
play any slot machine except through the use of a credit instrument. A credit instrument 
may not be secured by a person's house or other real property, tangible personal property, 
investments, individual retirement account, plan under Section 401(k) of the United 
States Internal Revenue Code of 1986, pension or other retirement account or college 
savings plan or any asset whatsoever other than a demand deposit account. A credit 
instrument must provide that any credit extended is due no later than 30 days from the 
date credit is extended. A credit instrument must be considered an unsecured loan and 
may not bear interest. 
3.  Prohibition.  A casino operator may not extend credit pursuant to this section to a 
person who is intoxicated. 
SUMMARY 
This bill allows a casino operator to extend credit to qualified customers within 
certain limitations.