§ 14-4904
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/md/commercial-law/14-4904·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14–4904.
The Division shall:
(1)Create a model notice regarding open– and closed–loop gift cards for use by merchants that:
(i)Cautions a consumer about gift card scams;
(ii)Instructs a consumer on what to do if the consumer suspects the consumer may be a victim of a gift card scam; and
(iii)Indicates a gift card may not be used to pay debt;
(2)Issue guidelines regarding the detection and prevention of open– and closed–loop gift card fraud that include:
(i)Information that raises public awareness about gift card fraud;
(ii)Information about how common gift card fraud schemes work; and
(iii)Best practices for a merchant to prevent gift card fraud; and
(3)Make available online and periodically update the model notice and guidelines required under this section.