| 28 | 14 | | (a) As used in this Code section, the term:10 |
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| 29 | 15 | | (1) 'Cardholder' means any person to whom a physical or virtual gift card is sold, gifted,11 |
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| 30 | 16 | | or issued following the authorized sale of such gift card.12 |
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| 31 | 17 | | (2) 'Card issuer' means any person that issues a gift card.13 |
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| 32 | 18 | | (3) 'Closed-loop gift card' means a card, code, or device issued to a consumer on a14 |
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| 33 | 19 | | prepaid basis primarily for personal, familial, or household purposes in a specified15 |
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| 34 | 20 | | amount, regardless of whether such amount may be increased or reloaded in exchange for16 |
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| 35 | 21 | | H. B. 447 (SUB) |
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| 36 | 22 | | - 1 - 25 LC 48 1574S |
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| 37 | 23 | | payment, and is redeemable upon presentation by a consumer at a single merchant or17 |
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| 38 | 24 | | group of affiliated merchants.18 |
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| 39 | 25 | | (4) 'Gift card' means a physical or digital closed-loop gift card or open-loop gift card19 |
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| 40 | 26 | | whether activated or inactivated.20 |
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| 41 | 27 | | (5) 'Gift card redemption information' means information unique to each gift card which21 |
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| 42 | 28 | | allows the cardholder to access, transfer, or spend the funds on such gift card.22 |
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| 43 | 29 | | (6) 'Gift card seller' means a merchant engaged in the business of selling open-loop gift23 |
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| 44 | 30 | | cards or closed-loop gift cards to consumers.24 |
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| 45 | 31 | | (7) 'Open-loop gift card' means a card, code, or device issued to a consumer on a prepaid25 |
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| 46 | 32 | | basis primarily for personal, familial, or household purposes in a specified amount,26 |
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| 47 | 33 | | regardless of whether such amount may be increased or reloaded in exchange for27 |
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| 48 | 34 | | payment, and is redeemable upon presentation at multiple unaffiliated merchants for28 |
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| 49 | 35 | | goods or services within the payment card network.29 |
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| 50 | 36 | | (8) 'Value' means the greatest amount of economic loss the card issuer, gift card seller,30 |
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| 51 | 37 | | or cardholder might reasonably suffer, including the full or maximum monetary face or31 |
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| 52 | 38 | | load value of the gift card, regardless of whether or not such gift card has been activated.32 |
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| 53 | 39 | | (b) Any person who, with intent to defraud, acquires or retains possession of a gift card33 |
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| 54 | 40 | | or gift card redemption information without the consent of the cardholder, card issuer, or34 |
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| 55 | 41 | | gift card seller shall be guilty of gift card theft.35 |
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| 56 | 42 | | (c) Any person who, with intent to defraud, alters or tampers with a gift card or its36 |
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| 57 | 43 | | packaging shall be guilty of gift card forgery.37 |
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| 58 | 44 | | (d) Any person who, with intent to defraud, devises a scheme to obtain a gift card or gift38 |
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| 59 | 45 | | card redemption information from a cardholder, card issuer, or gift card seller by means of39 |
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| 60 | 46 | | false or fraudulent pretenses, representations, or promises, shall be guilty of gift card fraud.40 |
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| 61 | 47 | | (e) Any person who, with intent to defraud, uses, for the purpose of obtaining money,41 |
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| 62 | 48 | | goods, services, or anything else of value, a gift card or gift card redemption information42 |
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| 63 | 49 | | H. B. 447 (SUB) |
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| 64 | 50 | | - 2 - 25 LC 48 1574S |
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| 65 | 51 | | that has been obtained in violation of subsections (b), (c), or (d) of this Code section shall43 |
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| 66 | 52 | | be guilty of gift card theft.44 |
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| 67 | 53 | | (f) Any person who is convicted of violating subsection (b), (c), (d), or (e) of this Code45 |
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| 68 | 54 | | section shall be punished by imprisonment for not less than one nor more than ten years46 |
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| 69 | 55 | | and a fine not to exceed $5,000.00."47 |
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| 70 | 56 | | SECTION 2.48 |
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| 71 | 57 | | All laws and parts of laws in conflict with this Act are repealed.49 |
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| 72 | 58 | | H. B. 447 (SUB) |
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| 73 | 59 | | - 3 - |
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