§ 2501L. Notice; gift card fraud.
146 words·~1 min read·
/de/title-6/2501lA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)As used in this section, “gift card” means a tangible electronic payment device that:
(1)Is issued in a specific amount.
(2)May or may not be increased in value or reloaded.
(3)Is purchased and/or loaded on a prepaid basis for the future purchase or delivery of any goods or services.
(4)Is honored upon presentation at third-party locations.
(b)No person, firm, partnership, association, retailer or corporation may a sell a gift card to a purchaser unless the seller displays a conspicuous notice at or near where the gift card is physically displayed or at or near each physical location where the sale occurs.
(c)The notice required by subsection
(b)of this section must caution the purchaser about prepaid card scams and instruct the purchaser on what to do if they suspect they might be a potential victim of such a scam.