Louisiana Administrative Code › Title 42 - LOUISIANA GAMING › Part III - Gaming Control Board › Chapter 47 - Landbased Casino Gaming › Section III-4721 - Extension of Credit

Current through Register Vol. 50, No. 6, June 20, 2024
A. When
				extending credit to a patron in the form of markers or other lines of credit,
				the casino operator and casino manager shall adhere to the following rules.
				These rules shall not apply to check cashing provided such check cashing is
				performed consistent with the casino operator's internal controls and as
				otherwise provided by rule.
B. A
				credit file for each person shall be prepared by the casino operator's or
				casino manager's cage cashier or credit department representative with no
				incompatible functions either manually or by computer prior to the casino
				operator's or casino manager's approval of a person's credit limit. All credit
				limits and changes thereto shall be supported by the information obtained in
				the credit file. All information recorded in the credit file shall be in
				accordance with the casino operator's or casino manager's system of internal
				controls.
C. Prior to the casino
				operator's or casino manager's approval of a person's credit limit, a credit
				department representative with no incompatible functions shall:
1. ensure that the person to whom the credit
				is extended signs the credit instrument prior to receiving the
				extension;
2. obtain, record and
				verify the person's address prior to extending the credit; and
3. document that the casino operator or
				casino manager:
a. has received information
				from a bona fide credit reporting agency that the person has an established
				credit history that is not derogatory; or
b. has received information from a legal
				business that has extended credit to the person that the person has an
				established credit history that is not derogatory; or
c. has received information from a financial
				institution at which the person maintains an account that the person has an
				established credit history that is not derogatory; or
d. has examined records of its previous
				credit transactions with the person showing that the person has paid
				substantially all of his credit instruments and otherwise documents that it has
				a reasonable basis for placing the amount or sum at the person's disposal;
				or
e. if no credit information was
				available from any of the sources listed in Subparagraphs C.3.a-d of this
				Section for a person who is not a resident of the United States, the casino
				operator or casino manager has received, in writing, information from an agent
				or employee of the casino operator or casino manager, limited to those listed
				in §4723, who has personal knowledge of the person's credit reputation or
				financial resources that there is a reasonable basis for extending credit in
				the amount or sum placed at the person's disposal; or
f. has, in the case of third party checks for
				which cash, chips, or tokens have been issued to the person or which were
				accepted in payment of another credit instrument, either examined and
				photocopied the person's valid driver's license, or if a driver's license
				cannot be obtained, examined and photocopied some other document normally
				acceptable as a means of identification when cashing checks to be kept in the
				person's credit file and has, for the check's maker or drawer, performed and
				documented one of the credit checks set forth in this Subsection.