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Bill > SB760
MD SB760
MD SB760Consumer Protection - Retail Sales of Gift Cards (Gift Card Scams Prevention Act of 2024)
summary
Introduced
02/01/2024
02/01/2024
In Committee
04/02/2024
04/02/2024
Crossed Over
03/14/2024
03/14/2024
Passed
04/08/2024
04/08/2024
Dead
Signed/Enacted/Adopted
05/09/2024
05/09/2024
Introduced Session
2024 Regular Session
Bill Summary
Prohibiting a merchant from selling a certain open- or closed-loop gift card to a consumer unless the merchant meets certain requirements; requiring a certain merchant to provide training to all employees of the merchant on identifying and responding to gift card fraud; requiring the Division of Consumer Protection to create a certain notice and issue certain guidelines regarding gift card fraud; requiring a certain third-party gift card reseller to record and maintain a copy of certain information for at least 3 years; etc.
AI Summary
This bill, the Gift Card Scams Prevention Act of 2024, prohibits merchants from knowingly selling open-loop gift cards to consumers unless certain requirements are met, such as displaying a notice about gift card scams and enclosing the gift card in secure packaging. It also requires merchants to provide training to their employees on identifying and responding to gift card fraud. The bill creates guidelines for the Division of Consumer Protection to issue on detecting and preventing gift card fraud, and it imposes record-keeping and inspection requirements on third-party gift card resellers. Violations of the bill's provisions are considered unfair, abusive, or deceptive trade practices, subject to the penalties and enforcement measures in existing law.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
Approved by the Governor - Chapter 463 (on 05/09/2024)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0760?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_463_sb0760e.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0760e.pdf |
| Favorable with Amendments 323622/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0000/sb0760_32362201.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0760t.pdf |
| Favorable with Amendments 303520/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0000/sb0760_30352001.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/sb0760_fin.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0760f.pdf |
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