Bill Text: NY A10189 | 2015-2016 | General Assembly | Introduced

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Bill Title: Prohibits expiration dates on gift certificates.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-05-16 - referred to consumer affairs and protection [A10189 Detail]

Download: New_York-2015-A10189-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10189
                   IN ASSEMBLY
                                      May 16, 2016
                                       ___________
        Introduced  by  M.  of  A.  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:
     1    Section 1. Subdivision 3 of section 396-i of the general business law,
     2  as amended by chapter 507 of the laws of 2004, is  amended  to  read  as
     3  follows:
     4    3.  The  terms and conditions of a gift certificate store credit shall
     5  be clearly and conspicuously stated thereon. Terms and conditions  shall
     6  include [the expiration date,] whether any fees are assessed against the
     7  balance  of  the gift certificate, and whether a fee will be charged for
     8  the  replacement  of  a  gift  certificate  that  is  lost,  stolen,  or
     9  destroyed. Additional terms and conditions including, but not be limited
    10  to, policies related to refunds, warranties, changes in terms and condi-
    11  tions,  assignment and waiver shall be conspicuously printed: (a) on the
    12  gift certificate; or (b) on an envelope or packaging containing the gift
    13  certificate, provided that a toll free telephone number  to  access  the
    14  additional  terms  and conditions is printed on the gift certificate; or
    15  (c) on an accompanying printed document, provided that a toll free tele-
    16  phone number to access the additional terms and conditions is printed on
    17  the gift certificate. A gift certificate shall not  have  an  expiration
    18  date.
    19    § 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