Senate Bill S703

2017-2018 Legislative Session

Relates to expiration dates on gift certificates

download bill text pdf

Sponsored By

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

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2017-S703 (ACTIVE) - Details

Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Amd §396-i, Gen Bus L
Versions Introduced in 2015-2016 Legislative Session:
S7327

2017-S703 (ACTIVE) - Summary

Prohibits expiration dates on gift certificates.

2017-S703 (ACTIVE) - Sponsor Memo

2017-S703 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    703
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 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 329 of the laws of 2016, 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,  if  any.  Additional terms and conditions including, but not
 limited to, policies related to refunds, warranties,  changes  in  terms
 and conditions, the procedure for the replacement of a gift certificate,
 if any, 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  document, provided that a toll free telephone
 number to access the additional terms and conditions is printed  on  the
 gift certificate. A GIFT CERTIFICATE SHALL NOT HAVE AN EXPIRATION DATE.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02026-01-7

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