Mich. Admin. Code 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.
Notes
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