83R474 ATP-D
By: Bohac H.B. No. 1723
A BILL TO BE ENTITLED
AN ACT
relating to the redemption of certain stored value cards, including
gift cards, for cash.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 604, Business & Commerce Code, is
amended by adding Subchapter D to read as follows:
SUBCHAPTER D. REDEMPTION OF CERTAIN LOW-VALUE CARDS
Sec. 604.151. APPLICABILITY OF SUBCHAPTER. (a) This
subchapter does not apply to a stored value card:
(1) described by Sections 604.002(1)-(3);
(2) issued as a refund for merchandise returned
without a receipt; or
(3) that has an initial value of $5 or less and to
which additional value cannot be added.
(b) Except as otherwise provided by Subsection (a), Section
604.002 does not apply to this subchapter.
Sec. 604.152. CASH REFUND FOR LOW-VALUE CARD. If a stored
value card is redeemed in person to make a purchase and a balance of
less than $5 remains following the redemption, at the consumer's
request the seller shall refund the balance of the card in cash to
the consumer.
SECTION 2. This Act takes effect September 1, 2013.