10 Del. Admin. Code § 203-23.0

Current through Register Vol. 28, No. 7, January 1, 2025

Section 203-23.0 - Check Cashing and Cash Deposits

23.1 Each agent may cash patrons' personal checks, an agent check, an agent affiliate check, or cash equivalents at the cage or satellite cage in accordance with procedures approved by the agency, which shall include, at a minimum, the examination and documentation of patron identification.

23.2 Any personal checks cashed by the agent shall be:

23.2.1 Drawn on a bank and payable on demand;

23.2.2 Made payable to the agent; and

23.2.3 Currently dated, but not post dated.

23.3 Whenever a personal check is sought to be cashed, a cage cashier shall also:

23.3.1 Immediately stamp it for deposit only; and

23.3.2 Refuse to cash the personal check if the patron has a balance outstanding to the agent, due to checks previously cashed by the agent, for more than 45 days.

23.4 Prior to the acceptance of any agent check, agent affiliate check, or cash equivalent from a patron, the cage cashier shall determine the validity of such by performing the necessary verification as may be required by the issuer or as required by the agency.

23.5 Nothing in this subsection shall prohibit the use of a check cashing service by an agent provided that all the guidelines of the check cashing service are followed and the related internal control procedures are approved by the agency.

23.6 Whenever a patron requests an agent to hold his or her chips, cash, cash equivalent, or gaming check for subsequent use, a cage cashier shall establish a patron cash deposit account and prepare documentation as approved by the Director. The balance of the customer deposits on hand in the cashiers' cage at the end of each shift shall be recorded and accounted for as an outstanding liability.

10 Del. Admin. Code § 203-23.0