<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".27" citation="COMAR 36.10.13.27" title_num="36" subtitle_num="10" chapter_num="13" heading="Bettor Deposits.">
  <paragraph num="A.">
    <text>A sports wagering licensee may establish a customer deposit account for a bettor to enable the bettor to take part in sports wagering.</text>
  </paragraph>
  <paragraph num="B.">
    <text>A sports wagering licensee shall perform all procedures required by this chapter before depositing funds accepted by means of check, wire transfer, cash equivalent, or other negotiable instrument into a customer deposit account.</text>
  </paragraph>
  <paragraph num="C.">
    <text>If applicable, a sports wagering licensee may accept a customer deposit only during the hours of operation approved by the Commission for the facility under COMAR 36.10.15.02.</text>
  </paragraph>
  <paragraph num="D.">
    <text>A sports wagering licensee shall develop and include in the internal controls submitted to and approved by the Commission under Regulation .04 of this chapter procedures addressing the acceptance of customer deposits meeting the requirements of this regulation.</text>
  </paragraph>
  <paragraph num="E.">
    <text>A sports wagering licensee’s internal controls shall:</text>
    <paragraph num="(1)">
      <text>Require acceptance of customer deposits at the cashiers’ cage or by any other means as approved by the Commission;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Require preparation of a receipt documenting:</text>
      <paragraph num="(a)">
        <text>Amount deposited;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Date of the deposit; and</text>
      </paragraph>
      <paragraph num="(c)">
        <text>If applicable, the signature of the general cashier accepting the customer deposit;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>Provide for full or partial withdrawal of a customer deposit:</text>
      <paragraph num="(a)">
        <text>By a bettor at the cashiers’ cage or by any other means as approved by the Commission; or</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Upon receipt by the sports wagering licensee of a written request for withdrawal for which validity has been established; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(4)">
      <text>Include procedures for documenting acceptance and withdrawal of customer deposits including a verification of the authenticity of a bettor’s signature on a customer deposit withdrawal document in conformance with the signature authentication procedures in Regulation .24 of this chapter.</text>
    </paragraph>
  </paragraph>
</regulation>