Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Apr 15, 2016 |
referred to consumer protection |
Senate Bill S7327
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Consumer Protection Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S7327 (ACTIVE) - Details
2015-S7327 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7327 TITLE OF BILL : An act to amend the general business law, in relation to prohibiting expiration dates on gift cards PURPOSE : To prohibit gift cards sold in the State of New York to have an expiration date. SUMMARY OF PROVISIONS : Section 1. amends subdivision 3 of section 396-I of the general business law, as amended by chapter 507 of the laws of 2004 to prohibit gift certificates to have gift cards. Section 2 states that this act shall take effect immediately. JUSTIFICATION : In 2009 the Federal CARD Act was enacted which provided a number of new consumer protections for gift certificates, gift cards and other pre-paid cards, specifically it limited fees as well as establishes a minimum period of five years before gift cards and certificates are
2015-S7327 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7327 I N S E N A T E April 15, 2016 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to prohibiting expiration dates on gift cards THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 396-i of the general business law, as amended by chapter 507 of the laws of 2004, is amended to read as follows: 3. The terms and conditions of a gift certificate store credit shall be clearly and conspicuously stated thereon. Terms and conditions shall include [the expiration date,] whether any fees are assessed against the balance of the gift certificate, and whether a fee will be charged for the replacement of a gift certificate that is lost, stolen, or destroyed. Additional terms and conditions including, but not be limited to, policies related to refunds, warranties, changes in terms and condi- tions, assignment and waiver shall be conspicuously printed: (a) on the gift certificate; or (b) on an envelope or packaging containing the gift certificate, provided that a toll free telephone number to access the additional terms and conditions is printed on the gift certificate; or (c) on an accompanying printed document, provided that a toll free tele- phone number to access the additional terms and conditions is printed on the gift certificate. A GIFT CERTIFICATE SHALL NOT HAVE AN EXPIRATION DATE. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14899-01-6
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