R 432.11304 Application of credit.

Rule 1304. (1) In accordance with these rules, a casino licensee or casino license applicant shall submit the procedures for establishing credit to the board. Procedures for establishing credit shall, at a minimum, include the following: (a) A credit file shall be completed and maintained for each patron to whom credit is extended. This file shall include, at a minimum, all of the following: (i) A credit application, including, but not limited to, all of the following information: (A) Patron's name. (B) Requested credit line. (C) Current home address. (D)Telephone number. (E) Date of birth. (F) Place of employment and position held, if applicable. (G) The employer's address and telephone number, if applicable. (H) The patron's bank address. (I) The bank account number. (J) Social Security number. (ii) Authorized credit limit. (iii) A photocopy of the patron's identification. (iv) A history of all credit issued to the patron and payments received or written off by the casino licensee. (v) Verification of the credit application and approval of credit establishment. (b) Procedures for verification of the credit application. (c) Procedures for the review and approval of the credit limit for the patron. (d) Procedures to increase or decrease an established credit line. (e) Other procedures deemed necessary by the executive director or the board to ensure compliance with the act and these rules. (2) A casino licensee shall not extend credit to a patron who at the time has exceeded an established credit line.