Rhode Island General Laws 6-59-2. Posting of notice of gift card fraud at retail establishments
No person, firm, partnership, association, retailer, or corporation shall sell a gift card to a purchaser unless the seller displays a conspicuous notice, in a form prescribed by the department of business regulation, at or near where the gift card is displayed and at or near the physical location where the sale occurs, that:
(1) Cautions the purchaser about prepaid card scams; and
(2) Instructs the purchaser on what to do if they suspect they might be a potential victim of such a scam.
History of Section.
P.L. 2023, ch. 167, § 1, effective June 20, 2023; P.L. 2023, ch. 168, § 1, effective June 20, 2023.
Terms Used In Rhode Island General Laws 6-59-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- gift card: means a written promise or electronic payment device that:
(1) Is usable at a single merchant or an affiliated group of merchants that share the same name, mark, or logo, or is usable at multiple, unaffiliated merchants or service providers;
(2) Is issued in a specific amount;
(3) May or may not be increased in value or reloaded;
(4) Is purchased and/or loaded on a prepaid basis for the future purchase or delivery of any goods or services; and
(5) Is honored upon presentation. See Rhode Island General Laws 6-59-1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6