Section R. 432.11309 - Check cashingRule 1309.
(1) A casino licensee shall establish policies and procedures approved by the board in accordance with these rules in connection with cashing checks or drafts by the casino licensee. Only the following types of checks may be cashed by the casino licensee:(e) Credit card and debit card advance checks.(g) Wire transfers and other kinds of checks approved by the board.(2) A casino licensee shall establish check-cashing privileges and limits that shall, at a minimum, incorporate the procedures established in R 432.11304.(3) For all checks cashed, all of the following procedures shall be followed: (a) Examine the patron's picture identification and compare the signature on the identification credential to the signature on the check to ensure agreement. If the signatures do not match, then the casino licensee shall not extend credit to the patron.
(b) Date stamp the check.(d) Count out, in full public view and in the view of the surveillance camera, the funds requested by the patron.(4) If personal checks are cashed, then the cashier shall perform the procedures outlined in subrule (3) of this rule and all of the following additional procedures: (a) Record the picture identification number if the check is under $500.00 and check-cashing privileges have not been established by the patron.(b) Determine if the patron's available credit is sufficient to cover the amount of the personal check, if applicable.(c) A personal check may not be cashed if the patron has a balance outstanding, due to checks previously cashed by the casino licensee, for more than 30 days.(d) A personal check will be held against established credit lines for the earlier of 7 days or the date that the check cleared the financial institution upon which it was drawn.Mich. Admin. Code R. 432.11309
1998-2000 AACS; 2019 MR 9, Eff. 5/17/2019