summary
Introduced
02/01/2024
02/01/2024
In Committee
02/01/2024
02/01/2024
Crossed Over
Passed
Dead
04/16/2024
04/16/2024
Introduced Session
90th General Assembly
Bill Summary
This bill relates to gift card fraud notice. The bill requires any person, firm, partnership, association, corporation, store, or mercantile establishment that sells gift cards to other businesses to display a notice of gift card fraud. The bill requires that a notice shall provide information on what gift card fraud is and what a person can do if the person believes he or she may be the victim of gift card fraud. The bill also provides that the notice must be displayed on all displays that gift cards are located, at all physical points of sale, or on the electronic payment system screen prior to completion of the sale. The bill provides that a business that violates the bill shall receive a citation from the consumer protection division of the office of the attorney general and that three or more citations shall result in a civil penalty of no more than $250.
AI Summary
This bill requires any person, firm, partnership, association, corporation, store, or mercantile establishment that sells gift cards redeemable at any location other than the place of purchase to display a conspicuous notice cautioning the purchaser about gift card fraud and providing instructions on what to do if the purchaser believes they may be a victim of gift card fraud. The notice must be posted in at least one of the following locations: on all displays where third-party or open-loop gift cards are displayed, at all physical points of sale, or on the electronic payment system screen prior to the purchaser finalizing payment. Businesses that violate this law will receive a written citation from the consumer protection division of the office of the attorney general, and three or more citations will result in a civil penalty of up to $250.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Subcommittee recommends passage. Vote Total: 3-0. (on 02/07/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=90&ba=HF2251 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/90/attachments/HF2251.html |
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