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Assembly Bill A1543

2021-2022 Legislative Session

Relates to expiration dates on gift certificates

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Archive: Last Bill Status - In Assembly Committee

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2021-A1543 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd §396-i, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2015-2016: A10189
2017-2018: A5107
2019-2020: A1255

2021-A1543 (ACTIVE) - Summary

Prohibits expiration dates on gift certificates.

2021-A1543 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1543
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL -- read once and referred to the
   Committee on Consumer Affairs and 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.
                                                            LBD00766-01-1

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