NY Rac, Pari-Mut Wag & Breeding L § 1339 (2021)
2021 New York Laws PML - Racing, Pari-Mutuel Wagering and Breeding Law Article 13 - Destination Resort Gaming Title 5 - Requirements for Conduct and Operation of Gaming 1339 - Credit.

§  1339.  Credit.  1. Except as otherwise provided in this section, no gaming facility licensee or any person licensed under this article,  and no  person  acting  on  behalf of or under any arrangement with a gaming facility licensee or other person licensed under this article, shall:  (a) Cash any check, make any loan, or otherwise provide  or  allow  to any  person  any  credit  or  advance  of  anything  of  value  or which represents value to enable any person to take part in gaming activity as a player; or  (b) Release or discharge any debt, either in whole or in part, or make any loan which represents any losses incurred by any  player  in  gaming activity,  without  maintaining  a  written record thereof in accordance with the rules of the commission.   2. No gaming facility licensee  or  any  person  licensed  under  this article, and no person acting on behalf of or under any arrangement with a  gaming facility licensee or other person licensed under this article, may accept a check, other than a recognized traveler's  check  or  other cash  equivalent  from  any person to enable such person to take part in gaming activity as a player, or may give cash  or  cash  equivalents  in exchange for such check unless:  (a) The check is made payable to the gaming facility licensee;  (b) The check is dated, but not postdated;  (c)   The   check  is  presented  to  the  cashier  or  the  cashier's representative at a location in the  gaming  facility  approved  by  the commission  and  is  exchanged  for  cash  or slot tokens which total an amount equal to the amount for which the check is drawn, or the check is presented to the cashier's representative at a gaming table in  exchange for  chips which total an amount equal to the amount for which the check is drawn; and  (d) The regulations concerning check cashing procedures  are  observed by the gaming facility licensee and its employees and agents. Nothing in this  subdivision  shall  be  deemed to preclude the establishment of an account by any person with a gaming facility licensee by  a  deposit  of cash,  recognized  traveler's check or other cash equivalent, or a check which meets the requirements of subdivision seven of this section, or to preclude the withdrawal, either in whole  or  in  part,  of  any  amount contained in such account.   3. When a gaming facility licensee or other person licensed under this article, or any person acting on behalf of or under any arrangement with a  gaming facility licensee or other person licensed under this article, cashes a check in conformity with the requirements of subdivision two of this section, the gaming facility licensee shall cause  the  deposit  of such  check  in  a  bank  for collection or payment, or shall require an attorney or casino  key  employee  with  no  incompatible  functions  to present such check to the drawer's bank for payment, within:  (a)  seven calendar days of the date of the transaction for a check in an amount of one thousand dollars or less;  (b) fourteen calendar days of the date of the transaction for a  check in an amount greater than one thousand dollars but less than or equal to five thousand dollars; or  (c)  forty-five  calendar  days  of  the date of the transaction for a check in an amount greater than five thousand dollars.   Notwithstanding the foregoing, the drawer of the check may redeem  the check  by  exchanging  cash,  cash  equivalents, chips, or a check which meets the requirements of subdivision seven of this section in an amount equal to the amount for which the check is  drawn;  or  he  or  she  may redeem the check in part by exchanging cash, cash equivalents, chips, or a  check  which  meets  the  requirements  of  subdivision seven of this section and another check which meets the  requirements  of  subdivision  two  of  this  section for the difference between the original check and the cash, cash equivalents, chips, or check tendered; or he or  she  may issue  one check which meets the requirements of subdivision two of this section  in  an  amount sufficient to redeem two or more checks drawn to the order of the gaming facility licensee. If there has been  a  partial redemption  or a consolidation in conformity with the provisions of this subdivision, the newly issued check shall be delivered  to  a  bank  for collection  or  payment or presented to the drawer's bank for payment by an attorney or casino key employee with no incompatible functions within the period herein specified. No gaming facility licensee or  any  person licensed  or  registered  under  this  article,  and no person acting on behalf of or under any arrangement with a gaming  facility  licensee  or other  person  licensed  under  this  article, shall accept any check or series of checks in redemption or  consolidation  of  another  check  or checks  in  accordance with this subdivision for the purpose of avoiding or delaying the deposit of a check in a bank for collection  or  payment or  the  presentment  of  the check to the drawer's bank within the time period prescribed by this subdivision.   In computing a time period prescribed by this  subdivision,  the  last day  of the period shall be included unless it is a Saturday, Sunday, or a state or federal holiday, in which event the  time  period  shall  run until the next business day.   4.  No  gaming  facility  licensee  or  any  other  person licensed or registered under this article, or any other person acting on  behalf  of or under any arrangement with a gaming facility licensee or other person licensed  or  registered  under this article, shall transfer, convey, or give, with or without consideration, a check cashed in  conformity  with the requirements of this section to any person other than:  (a)  The  drawer  of  the  check  upon  redemption or consolidation in accordance with subdivision three of this section;  (b) A bank for collection or payment of the check;  (c) A purchaser of the gaming facility  license  as  approved  by  the commission; or  (d)  An attorney or casino key employee with no incompatible functions for presentment to the drawer's bank.   The limitation on transferability of checks imposed herein shall apply to checks returned by any bank to the gaming facility  licensee  without full and final payment.   5.  No  person  other  than  a casino key employee licensed under this article or a gaming employee registered under this article may engage in efforts to collect upon checks that have been returned by banks  without full  and  final  payment, except that an attorney-at-law representing a gaming facility licensee may bring action for such collection.   6. Notwithstanding the provisions of any law to the  contrary,  checks cashed  in  conformity  with  the  requirements of this article shall be valid instruments, enforceable at law in the courts of this  state.  Any check  cashed,  transferred,  conveyed  or  given  in  violation of this article  shall  be  invalid  and  unenforceable  for  the  purposes   of collection  but  shall  be  included  in the calculation of gross gaming revenue.   7. Notwithstanding the provisions of subdivision two of  this  section to  the  contrary,  a gaming facility licensee may accept a check from a person to enable the person to take part in gaming activity as a player, may give cash or cash equivalents in exchange for such a check,  or  may accept  a check in redemption or partial redemption of a check issued in accordance with subdivision two of this section, provided that:  (a) (1) The check is issued by a gaming  facility  licensee,  is  made payable  to the person presenting the check, and is issued for a purpose  other than employment compensation or as payment for goods  or  services rendered;  (2) The check is issued by a banking institution which is chartered in a  country  other  than  the United States on its account at a federally chartered or  state-chartered  bank  and  is  made  payable  to  "cash," "bearer,"  a  gaming  facility  licensee,  or  the person presenting the check;  (3) The check is issued by a banking institution which is chartered in the United States on its  account  at  another  federally  chartered  or state-chartered  bank  and is made payable to "cash," "bearer," a gaming facility licensee, or the person presenting the check;  (4) The check is issued by a slot system operator or  pursuant  to  an annuity  jackpot  guarantee  as payment for winnings from a multi-casino progressive slot machine system jackpot; or  (5) The check is issued by an entity  that  holds  a  gaming  facility license  in  any  jurisdiction, is made payable to the person presenting the  check,  and  is  issued  for  a  purpose  other   than   employment compensation or as payment for goods or services rendered;  (b)  The  check is identifiable in a manner approved by the commission as a check authorized for acceptance pursuant to paragraph (a)  of  this subdivision;  (c) The check is dated, but not postdated;  (d)   The   check  is  presented  to  the  cashier  or  the  cashier's representative by the original payee and its validity is verified by the drawer in the case of a check drawn  pursuant  to  subparagraph  one  of paragraph  (a)  of  this  subdivision,  or  the  check  is  verified  in accordance with regulations promulgated under this article in  the  case of  a  check issued pursuant to subparagraph two, three, four or five of paragraph (a) of this subdivision; and  (e) The regulations concerning check-cashing procedures  are  observed by  the gaming facility licensee and its employees and agents. No gaming facility licensee shall issue a check for the purpose of making  a  loan or  otherwise providing or allowing any advance or credit to a person to enable the person to take part in gaming activity as a player.   8. Notwithstanding the provisions of subdivisions  two  and  three  of this  section  to  the  contrary,  a  gaming facility licensee may, at a location outside the gaming facility, accept a personal check or  checks from  a  person  for up to five thousand dollars in exchange for cash or cash equivalents, and may, at such locations within the gaming  facility as may be permitted by the commission, accept a personal check or checks for  up to five thousand dollars in exchange for cash, cash equivalents, tokens, chips, or plaques to enable the person to take  part  in  gaming activity as a player, provided that:  (a)  The  check  is  drawn  on  the  patron's  bank  or brokerage cash management account;  (b) The check is for a specific amount;  (c) The check is made payable to the gaming facility licensee;  (d) The check is dated but not post-dated;  (e) The patron's identity is established by examination of one of  the following:  valid credit card, driver's license, passport, or other form of identification credential which contains, at a minimum, the  patron's signature;  (f)  The  check  is  restrictively  endorsed "For Deposit Only" to the gaming facility licensee's  bank  account  and  deposited  on  the  next banking day following the date of the transaction;  (g)  The  total amount of personal checks accepted by any one licensee pursuant to this subdivision that are outstanding at any time, including  the current  check  being  submitted,  does  not  exceed  five  thousand dollars;  (h)  The gaming facility licensee has a system of internal controls in place that will  enable  it  to  determine  the  amount  of  outstanding personal checks received from any patron pursuant to this subdivision at any given point in time; and  (i)  The  gaming  facility  licensee  maintains  a record of each such transaction  in  accordance  with   regulations   established   by   the commission.   9.  A person may request the commission to put that person's name on a list of persons to whom the extension of credit by a gaming facility  as provided  in  this  section  would  be  prohibited  by submitting to the commission the person's name, address, and date  of  birth.  The  person does not need to provide a reason for this request. The commission shall provide  this  list  to  the  credit department of each gaming facility; neither the commission nor the credit department of  a  gaming  facility shall  divulge the names on this list to any person or entity other than those provided for in this subdivision. If such a person wishes to  have that  person's  name removed from the list, the person shall submit this request to the commission, which shall so inform the credit  departments of  gaming  facilities  no later than three days after the submission of the request.