The Consumers Union Model State Gift Card Law
gift-card-model-law.pdf | 23.2 kB
March 4, 2010
The Consumers Union Model State Gift Card Law provides legislation that would prevent consumers from losing money on gift cards. The Model Law eliminates expiration terms and fees, eliminates terms that allow gift cards to devalue over time, enables consumers to redeem gift cards with twenty dollars or less for its cash value, and also requires gift card funds to be set aside and held in a trust so that consumers will be able to obtain the value on their gift cards at a later date.