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2005 SESSION

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SB 1241 Gift certificates; minimum term and disclosures.

Introduced by: Jeannemarie D. Davis | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Gift certificates; disclosures; penalty. Requires a gift certificate issued by a merchant in Virginia to have permanently affixed to it either an expiration date for the certificate or electronic card or a telephone number or Internet address at which information about the certificate's expiration and any diminution in value over time may be obtained. A violation of the disclosure requirement is a prohibited practice under the Virginia Consumer Protection Act. This bill is identical to HB 2218.

SUMMARY AS PASSED SENATE:

Gift certificates; disclosures; penalty. Requires gift certificates to have permanently affixed to it either an expiration date for the card or a telephone number or Internet address at which information about the certificate's expiration may be obtained. Under the bill, a violation of the disclosure requirement is a prohibited practice under the Virginia Consumer Protection Act.

SUMMARY AS INTRODUCED:

Gift certificates' minimum term and disclosures;penalty.  Requires the issuer of a gift certificate to honor the certificate for not less than two years from its issuance. The measure also requires gift certificates to either state their expiration date or provide a telephone number or Internet address at which a person may obtain information about the certificate's expiration. A violation is a prohibited practice under the Virginia Consumer Protection Act.