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MD HB896

MD HB896
Consumer Protection - Retail Sales of Gift Cards (Gift Card Scams Prevention Act of 2024)


summary

Introduced
02/02/2024
In Committee
04/01/2024
Crossed Over
03/18/2024
Passed
Dead
04/08/2024

Introduced Session

Potential new amendment
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 merchant to provide to the employees of the merchant training on identification of 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 selling open-loop gift cards to consumers unless certain requirements are met, such as prominently displaying a notice about gift card scams and enclosing the cards in secure packaging that conceals sensitive codes. It also requires merchants to train employees on detecting and responding to gift card fraud, and establishes requirements for third-party gift card resellers to record and maintain detailed transaction information. The bill aims to prevent the growing problem of gift card fraud by increasing consumer awareness and placing additional safeguards on gift card sales.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Senate Conference Committee Appointed (Senators Kramer, Hayes and Mautz) (on 04/08/2024)

bill text


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