Section 68IAC16-1-10. Check cashing

   (a) The casino licensee shall establish policies and procedures in connection with cashing checks by the casino licensee. The casino licensee may cash only the following:

(1) Personal checks.

(2) Cashier's checks.

(3) Money orders.

(4) Credit card advance checks.

(5) Traveler's checks.

(6) Wire transfer service checks.

(7) Checks written by a casino licensee.

(8) Checks written by a casino that is licensed in another jurisdiction.

  (b) The casino licensee shall require that a patron who cashes checks in the aggregate of at least:

(1) two thousand five hundred dollars ($2,500) for check cashing done by the casino licensee; and

(2) five thousand dollars ($5,000) for check cashing done by a check guarantee service;

over a seven (7) day period have established check cashing privileges. The casino licensee shall establish check cashing privileges and limits that shall, at a minimum, incorporate the procedures established in section 5 of this rule.

  (c) For checks cashed, the following procedures shall be followed:

(1) Examine the patron's picture identification and compare signature on the identification credential to the signature on the check to ensure agreement. If the signatures do not match, the casino licensee shall not extend credit to the patron.

(2) Immediately stamp the check "for deposit only".

(3) Date and time stamp the check.

(4) Initial the check.

(5) Count out, in full public view and in the view of the surveillance camera, the funds requested by the patron.

  (d) If a patron asks to cash a personal check, the cashier shall perform the procedures outlined in subsection (c) and the following additional procedures:

(1) Record the picture identification number if the check is under five hundred dollars ($500) and no check cashing privileges have been established by the patron.

(2) Determine if the patron's available credit is sufficient to cover the amount of the personal check, if applicable.

(3) Not cash personal checks if the patron has a balance outstanding, due to checks previously cashed by the riverboat licensee, for more than thirty (30) days.

(4) Personal checks shall be held against established credit lines for a period of seven (7) days.

(Indiana Gaming Commission; 68 IAC 16-1-10; filed Jul 18, 1996, 8:55 a.m.: 19 IR 3315; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA)