Singapore legislation
Regulation 9
Regulation 9
Credit agreement
Subregulation 1
A casino operator or a licensed international market agent shall, before establishing a credit account for a patron under regulation 8, enter into a credit agreement in accordance with paragraph (2) with the patron.
Subregulation 2
The credit agreement to be entered into with the patron shall be in writing and be signed by the parties or their authorised representatives, and shall contain all the terms and conditions governing the granting of credit to the patron, including the following:
the names of the parties to the credit agreement;
the nationality of the patron;
the countries in which the patron has been granted permanent residency; (d)the terms and conditions relating to the grant of credit to a patron when the patron becomes a citizen of Singapore or permanent resident of Singapore;
the date on which the credit agreement was entered into;
the validity period of the credit agreement;
the maximum credit limit of the patron under the credit agreement; (h)the patron’s eligibility to draw upon the full amount of credit granted under the credit agreement, up to the credit limit referred to in sub-paragraph (g); and
any interest or other consideration payable by the patron for the granting of credit to him.