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DE HB317
Bill
Status
Passed
9/26/2024
Primary Sponsor
Larry Lambert
Click for details
AI Summary
- Requires retailers and businesses selling gift cards to display conspicuous warning notices at or near the physical location where gift cards are sold or displayed
- Notice must caution purchasers about prepaid card scams and provide instructions on what to do if they suspect they are a victim of such a scam
- Applies to the sale of tangible electronic payment devices issued in specific amounts that can be used for future purchases at third-party locations
- Addresses fraud concerns in Delaware, which ranks second among states in fraud reports per 100,000 population with a median loss of $700 per victim
- Aims to protect consumers, particularly older adults age 70 and over who report median losses of $800-$1,500 to fraud
Legislative Description
An Act To Amend Title 6 Of The Delaware Code Relating To The Sale Of Gift Cards.
Last Action
Signed by Governor
9/26/2024
Committee Referrals
Banking, Business, Insurance & Technology5/21/2024
Economic Development/Banking/Insurance & Commerce2/29/2024
Full Bill Text
No bill text available