Gift card season is just around the corner and ConsumersUnion.org has a great list of gift card laws by state. Pretty good thing to know if you're the recipient or purchaser of a gift card. For example, in Connecticut their are no expirations and no inactivity fees; in Kentucky it's no expiration for one year; in Massachusetts it's no expiration for 7 years. In some states, the law varies on the dollar amount on the gift card while others it's based on percentages. Check out the full list here.
Friday, October 20, 2006
Gift Card Laws
Gift card season is just around the corner and ConsumersUnion.org has a great list of gift card laws by state. Pretty good thing to know if you're the recipient or purchaser of a gift card. For example, in Connecticut their are no expirations and no inactivity fees; in Kentucky it's no expiration for one year; in Massachusetts it's no expiration for 7 years. In some states, the law varies on the dollar amount on the gift card while others it's based on percentages. Check out the full list here.
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