§ 14-4904

Maryland § 14-4904

• Jurisdiction: Maryland
• Article gcl: Commercial Law
• Title: 14

Text

The Division shall:

(1) Create a model notice regarding open– and closed–loop gift cards for use by merchants that:

(i) Cautions a consumer about gift card scams;

(ii) Instructs a consumer on what to do if the consumer suspects the consumer may be a victim of a gift card scam; and

(iii) Indicates a gift card may not be used to pay debt;

(2) Issue guidelines regarding the detection and prevention of open– and closed–loop gift card fraud that include:

(i) Information that raises public awareness about gift card fraud;

(ii) Information about how common gift card fraud schemes work; and

(iii) Best practices for a merchant to prevent gift card fraud; and

(3) Make available online and periodically update the model notice and guidelines required under this section.