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Learn how California protects consumers from losing money on gift cards with its strict law banning expiration dates and fees. Find out the key provisions, requirements, penalties, and controversies of the law and how to redeem your gift card balance.
Sep 8, 2021 · Specifically, California law, Civil Code section 1749.5 (b) (2), provides that any gift card with a cash value of less than $10 is redeemable in cash for its value. In other words, if one has a gift card of any value under $10, even if that value is $9.99 or $0.01, they are entitled, by law, to receive this value in cash from the issuing retailer.
Jan 1, 2023 · California Code, Civil Code - CIV § 1749.5. (1) An expiration date. (2) A service fee, including, but not limited to, a service fee for dormancy, except as provided in subdivision (e). (b) (1) Any gift certificate sold after January 1, 1997, is redeemable in cash for its cash value, or subject to replacement with a new gift certificate at no ...
Mar 1, 2023 · California law governs the use of gift certificates in this state. By Chris Micheli, March 1, 2023 7:04 am. California law governs the use of gift certificates in this state. Civil Code Division 3, Part 4, Title 1.4A contains Sections 1749.45 to 1749.6 and is entitled “Gift Certificates.”. Title 1.4A was added by Chapter 933 in 1996.
Dec 27, 2014 · Learn how California laws protect consumers from expired or useless gift cards. Find out which cards can never expire, which can be exchanged for cash or store credit, and which have clear expiration dates.
Jul 11, 2013 · Arkansas – Two years from purchase, unlimited fees may be applied. Alabama. California - $1.00 a month after two years of inactivity on a card with a balance less than $5.00. Alaska. Colorado – No post-sale fees allowed. Arizona. Connecticut – No post-sale fees allowed. Delaware. Florida – No post-sale fees allowed.
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The gift certificate law states that a seller must either redeem a gift certificate or gift card sold after January 1, 1997, for its cash value, or replace it with a new certificate or card at no cost. 18 However, California's Legislative Counsel has concluded that a seller is not required to redeem a gift certificate in cash when requested by a consumer. 19 Thus, some gift certificate sellers ...
